A New Lawsuit Is Trying To Claim Ownership Of 3.79 Million Bitcoin

[0c4535c1a0]

Bitcoin doesn’t have an admin button for situations like this.

[ChewBeast]

Ownership without access is a fascinating crypto problem.

[GummyBear]

Traditional property law meets immutable code.

[d82ae58262]

Even winning the case might not move a single satoshi.

[9777089235]

This could set an interesting precedent even if the BTC never moves.

[059d96d16a]

The protocol doesn’t care who won in court.

[Italiano vero]

The former CEO of defunct crypto lender Hodlnaut, Zhu Juntao, has been charged in Singapore with six counts of fraud for allegedly lying to investors about hiding $190 million in losses from the 2022 TerraUSD collapse.

[Melissa Way]

Good luck getting a court order through code—"not your keys, not your coins" still rules the network.

[Krabik]

Interesting case, but without the private keys, legal ownership means very little on the Bitcoin network.

[White]

Without the private keys, even a court ruling cannot actually move dormant Bitcoin on-chain.