Sep 4, 2026 5:57 PM

Your Bitcoin isn't safe just because you have the keys. A massive lawsuit is attempting to seize $293 billion in dormant BTC by arguing that long-term inactivity constitutes "abandoned property" under New York law. This theory could allow the state to strip title from 3.8 million BTC simply because they haven't moved. Even as "dead" wallets spring to life, the threat of a state-sanctioned heist against HODLers is real. Should silence be legally treated as abandonment?
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