Galaxy research director, Bitcoin Policy Research Institute officially intervened in the Bitcoin abandonment case to push the court to dismiss all lawsuits

Comparing news, Galaxy Research Director Alex Thorn revealed in an article on the X platform that the abandoned Bitcoin case involving “Noah Doe” trying to obtain ownership of Satoshi Nakamoto's Bitcoin through legal procedures has ushered in significant progress. The Bitcoin Policy Research Institute (BPI) has officially applied to intervene as a defendant in this case and seek to push the court to dismiss all lawsuits.

According to reports, BPI, represented by law firm White & Case, not only applied to intervene in the case, but also submitted proposed defense documents, 15 positive arguments, and plans to file a motion to withdraw the lawsuit. Alex Thorn revealed that BPI claims it is eligible to intervene because the agency has long self-hosted part of the Bitcoin reserves it plans to hold indefinitely, and the plaintiff's assertion that “long-term non-use constitutes abandonment” may just include similar assets in the scope of future lawsuits. If the legal logic of this case is finally upheld by the court, the future may become a precedent for depriving long-term self-custodian users of ownership of their assets, so this lawsuit not only concerns Satoshi Nakamoto-related assets, but also the legal foundation of the entire Bitcoin self-custody ecosystem.