TechFlow news, on July 11, Galaxy Research Head Alex Thorn revealed in a post on the X platform that significant progress has been made in the abandoned Bitcoin case surrounding "Noah Doe" attempting to obtain ownership of Satoshi Nakamoto's Bitcoin through legal procedures. The Bitcoin Policy Institute (BPI) has formally applied to intervene in the case as a defendant and seeks to push the court to dismiss the entire lawsuit. It is reported that BPI, represented by the law firm White & Case, not only applied to intervene in the case this time but also submitted a proposed answer, 15 affirmative defenses, and plans to file a motion to dismiss.
Alex Thorn revealed that BPI stated it qualifies to intervene because the institution has long self-custodied a portion of Bitcoin reserves planned to be held indefinitely, and the plaintiff's claimed theory that "long-term inactivity constitutes abandonment" could precisely bring similar assets within the scope of future litigation. If the legal logic of this case ultimately gains court support, it could become a precedent for depriving long-term self-custody users of asset ownership in the future, so this lawsuit concerns not only assets related to Satoshi Nakamoto but also the legal foundation of the entire Bitcoin self-custody ecosystem.
