$XRP 🚀 The crypto world is witnessing what might be the most audacious legal action in history, and Ripple’s David Schwartz is completely shutting it down. 😂 👇
🤯 The $293B "Lost & Found" Claim
An anonymous plaintiff going by "Noah Doe" has filed a bizarre lawsuit in New York, attempting to claim legal ownership of 39,069 dormant Bitcoin wallets.
💰 The Total Value: A staggering $293 Billion—which is more than the total net worth of Amazon founder Jeff Bezos!
🕵️♂️ The Strategy: The plaintiff used a custom algorithm to find self-custodied wallets with no on-chain activity for 5+ years. They copied the data onto USB drives, handed them to local police as "lost property," and are now using local lost-and-found laws to claim ownership!
🛑 The Catch: This massive stash includes coins associated with Bitcoin's mysterious creator, Satoshi Nakamoto.
📉 "Comically Bad" Logic
Ripple CTO David Schwartz didn't hold back, calling the lawsuit's core legal arguments absolutely ridiculous.
"There are many significant legal problems with the suit. For one thing, there's no basis for the court to have jurisdiction. The logic that the property was found in the state of NY is comically bad." — David Schwartz, Ripple CTO
🌐 Galaxy Research Head Alex Thorn also weighed in, pointing out the sheer absurdity of using local city statutes to claim globally distributed digital assets.
Even if a New York court somehow ruled in favor of the plaintiff, Bitcoin won't budge. Schwartz stressed that the core Bitcoin network would never comply with a local court order to hand over dormant coins.
However, he noted a funny twist: while Bitcoin (BTC) will ignore it, hard forks like BSV (Bitcoin Satoshi Vision)—which are designed to honor layer-one court orders—might actually be forced to comply. 🤷♂️
What do you think about this wild lawsuit? Is this the craziest attempt to get rich in crypto history? 👇 Drop your thoughts
