Bitcoin.com News

Ian R. Cohen — known as Bitcoin Lawyer Guy and founder of IRC Legal — filed an amicus curiae brief in NY Supreme Court that halted an unprecedented lawsuit targeting 39,069 dormant bitcoin wallets worth an estimated $293 billion. The court stayed all proceedings after Cohen argued that blockchain dormancy is not abandonment and that New York's lost-property statute does not apply to bitcoin held in self-custody.

The Block

A New York Supreme Court judge stayed all proceedings in the Noah Doe lawsuit targeting 39,069 dormant bitcoin wallets and scheduled a July 14 hearing on whether to admit an amicus brief filed by Ian R. Cohen, Bitcoin Lawyer Guy and founder of IRC Legal, who argues that New York's lost-and-found statute cannot apply to bitcoin held in self-custody.

The Daily Stack

Ian R. Cohen, Bitcoin Lawyer Guy and founder of IRC Legal, joins The Daily Stack to break down the Noah Doe lawsuit targeting 39,069 dormant bitcoin wallets worth $300 billion — covering the $10 valuation trick, why self-custody bitcoin is at risk, and Cohen's amicus curiae filing to fight back in NY Supreme Court.