# Dormant Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Dormant", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Claude Helps Man Recover 5 Bitcoins Forgotten for 11 Years, Worth Nearly $400,000

AI Chatbot Claude Helps Man Recover 5 Bitcoins Forgotten for 11 Years, Worth Nearly $400,000 A user named Cprkrn recovered a Bitcoin wallet containing 5 BTC (~$400,000), locked for over 11 years, with the help of Anthropic's AI, Claude. The wallet was originally locked after Cprkrn changed its password while under the influence in university and subsequently forgot it. Claude did not crack the password. Instead, after Cprkrn uploaded all files from his old university computer, Claude sifted through the data and located an earlier, pre-password-change version of the encrypted wallet file (wallet.dat). Cprkrn had also recently found a handwritten seed phrase, but it was incompatible with the main wallet file. Claude's key breakthrough was identifying and fixing a bug in the open-source recovery tool `btcrecover`, which had been concatenating the shared key and user password in the wrong order. After correcting this logic error and running the decryption process, Claude successfully extracted the private key, allowing the funds to be accessed and transferred. While the post garnered over 10 million views and sparked excitement, wallet recovery experts noted Claude's role was more akin to AI-assisted digital forensics—organizing unstructured historical data, diagnosing tool issues, and executing a corrected process—rather than true cryptographic password cracking. The recovery relied on pre-existing user-held data fragments: old computer files, a valid seed phrase, and an older wallet file. The story highlights a potential new, lower-cost path for recovering lost crypto assets, dependent on users retaining old data. It also occurs against a backdrop where an estimated one-third of Bitcoin's circulating supply is dormant in long-lost or inaccessible wallets.

marsbit05/14 06:36

Claude Helps Man Recover 5 Bitcoins Forgotten for 11 Years, Worth Nearly $400,000

marsbit05/14 06:36

"Holding Coins for Three Years Without Moving" Will Be Confiscated? The Truth About California's New Bill SB 822

The California Senate Bill 822 (SB 822), signed into law in October 2025 and effective from 2026, extends the state's existing Unclaimed Property Law (UPL) to digital assets held on centralized exchanges. Contrary to widespread panic, the bill does not mean that "holding coins for three years without moving them" will lead to confiscation. Key points of the bill: - Assets are considered "unclaimed" only if an account shows no "owner activity" for three years and the exchange cannot contact the user. - "Owner activity" is broadly defined and includes logging in, executing trades, depositing/withdrawing funds, or even responding to exchange communications—any of which resets the three-year timer. - Exchanges must send a prominent notice 6–12 months before reporting assets as unclaimed, allowing users to reclaim them easily. - Transferred assets are not liquidated immediately. They are held "in-kind" (as the original crypto) by state-appointed qualified custodians for 18–20 months, during which owners can reclaim the original tokens. Only after this period may the state liquidate them. - The law only applies to assets held on centralized exchanges (custodial services). Self-custodied wallets (e.g., cold wallets), DeFi LP tokens, and certain excluded assets like in-game currencies are not affected. - Owners can always reclaim their assets from the state, even after transfer, either in crypto or as cash proceeds if already sold. To avoid triggering the law, users should periodically log in or perform minor transactions on their exchange accounts. For greater safety, moving assets to self-custody wallets removes them from the law’s scope entirely. The bill aims to protect consumer assets from being indefinitely held or misused by exchanges, acting as a legal safeguard for lost or forgotten digital wealth.

Odaily星球日报01/07 06:59

"Holding Coins for Three Years Without Moving" Will Be Confiscated? The Truth About California's New Bill SB 822

Odaily星球日报01/07 06:59

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