Massive Bitcoin transfers from 2011 wallets are triggered by an enigmatic legal notice; the ledger CTO queries the legitimacy and original source.

In response to the recent dramatic transfers of nearly $9 billion worth of Bitcoin from wallets created by Satoshi, Charles Guillemet, Chief Technology Officer (CTO) at Ledger, has spoken to the cryptocurrency community. He provided potential explanations in his tweet and revealed a startling development that came before those massive Bitcoin moves.

According to Charles Guillemet, those Bitcoin addresses got a mysterious legal notification mail a few days before the aforementioned transfers from eight 2011 accounts. The statement claimed that the sender had seized custody of the wallets and deemed them abandoned. To demonstrate that the owners of those Bitcoin wallets are still alive, he or she pledged to use their private keys to conduct an on-chain transaction by September 30 at the latest.

The website of the law firm Solomon Brothers is where this statement was posted. Additionally, until October 5, 2025, no legitimate owner has responded to their client's request for possession of the digital wallet. Their customer looks for the real owners of these wallets; if not, they will confiscate the Bitcoin. Their client maintains all rights and will take action to protect those rights from any intruder.

According to Guillemet, this could hardly be legal at all, and if no answer is received, the digital wallets and their contents will be deemed confirmed as abandoned.

The Ledger CTO went on to clarify that although it is technically feasible, he does not think those eight wallets were compromised. But according to him, the aforementioned message was sent to many of the most popular inactive Bitcoin addresses in addition to these eight wallets.

According to him, the reasons were a). Pure coincidence, meaning that the timing might have been arbitrary, and b). The actual owner of the 80,000 BTC wallets saw that message and, as a precaution, withdrew their dormant billions of dollars in Bitcoin.

Another possibility, according to Guillemet, is that some of these addresses may be of questionable origin and that someone is attempting to create a story about hacking to evade demonstrating the funds' genuine source.