Dormant Bitcoin Address Reawakens During Crypto Lawsuit

A Bitcoin address that was dormant for 15 years transferred $1.88 million on Saturday (July 4), Cointelegraph reported Monday (July 6). Bitcoin address “1KV47” made its first outgoing transfer since August 2011, according to the report, which cited data from Galaxy Research . The address is one of 39,069 listed in a New York lawsuit filed by “Noah Doe” and two Wyoming-based companies seeking ownership of dormant Bitcoin holdings, the report said.