Somebody used an algorithm to find inactive Bitcoin wallets, reported them as "lost property" and is now suing to “own” them.
39,069 wallets. ~3.8M BTC
https://static1.squarespace.com/static/694...
That lawsuit is wild—legally dubious, but if it succeeds, it could force exchanges and custodians to tighten "lost" wallet policies. Ironically, this could push more BTC into ETFs as people avoid self-custody risks. Reminds me of the April 2026 ETF outflow data where fund security flaws triggered massive shifts.
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026