Salomon Brothers, a unit of Citigroup, has initiated OP_Return legal notifications to dormant Bitcoin wallets, stirring discussion about digital asset ownership.
Salomon Brothers Actions
Salomon Brothers have initiated legal actions using OP_Return to notify owners of dormant Bitcoin wallets. The campaign targets wallets inactive for over 14 years. The **Doctrine of Abandonment** serves as the legal basis for these actions.
Discussions in the Crypto Community
On-chain transaction data shows some wallet owners transferring funds in response to the notices. **Legal enforceability** and its implications for cryptocurrency ownership are being questioned. Experts highlight the clash between self-custody and traditional legal frameworks. Critics argue that the irreversibility of the Bitcoin protocol challenges the viability of asset reassignment through legal means, creating significant discourse.
Authenticity Issues and Future Steps
Concerns regarding the authenticity of related websites have emerged. BitMEX Research warns users against engaging with potential scam sites masquerading as part of Salomon Brothers' efforts. Users are strongly advised not to fill in the forms on these sites, casting doubt on claims of corporate legitimacy and warning of potential phishing.
Salomon Brothers' actions mark a novel intersection of blockchain and traditional law, prompting diverse reactions and analyses from experts and participants in the crypto community.
