Key facts
- A New York attorney filed an amicus brief to stop a default judgment.
- Proceedings targeting nearly 40,000 dormant Bitcoin wallets have been frozen.
- The wallets collectively hold an estimated 3.8 million BTC.
- The attorney argued that the Bitcoin wallets were not abandoned.
A New York attorney has successfully intervened to pause a potential record-setting default judgment in a Bitcoin-related legal case. The attorney filed an amicus brief, which convinced a judge to freeze proceedings targeting approximately 39,069 dormant Bitcoin wallets. These wallets are estimated to hold a total of 3.8 million BTC. The intervention came as the legal battle unfolds alongside a wave of activity concerning 2011-era coins.