A bitcoin wallet dormant since 2013 transferred 411.45 BTC, worth approximately $33.4 million, to a new address on Sunday in its first ever outgoing transfer. These coins cost about $54,000 when bitcoin traded around $130, representing a paper gain of more than 64,000%. Galaxy Research identified this address as one of 39,069 named in a New York lawsuit filed by pseudonymous plaintiff Noah Doe, who claims ownership of these dormant wallets under abandoned property law. The transfer went to an unlabeled address rather than an exchange, leaving unclear whether the owner intends to sell.
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