A New York judge has suspended a lawsuit concerning the ownership of a 39,000-Bitcoin wallet, and an amicus curiae hearing is scheduled for July.

CoinFeed reported on June 8th that, according to The Block, New York Superior Court Judge Kathy J. King signed an order suspending proceedings in a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, with a hearing scheduled for July 14th regarding a key amicus brief. The plaintiffs, using the pseudonym "Noah Doe" and two shell companies, are seeking ownership of these wallets under New York State lost property law. Attorney Ian R. Cohen submitted an amicus brief opposing the plaintiffs' claims. He argued that lost property law applies to tangible items, while blockchain addresses are always visible worldwide; if the original owners were unable to access their assets due to security vulnerabilities, it constitutes a passive loss of access rather than a voluntary relinquishment.