Abandoned Crypto?

Money
1

I read this article on a handful of crypto wallets were cleared recently. Their bases were in the $12-14 (dollars) range (being acquired 10-15 years ago), and worth a little more today

After that, i see that New York wants to may be able to classify untouched crypto as abandoned property, which would allow to be escheated to the state. I suspect the holders were afraid New York might be correct if those accounts can be tied to NY.

https://www.lexology.com/library/detail.aspx?g=1c9a61a9-0f90-4c2d-b1db-316b82a8be9f

2

Probably no coincidence that this is occurring right after NY sent its wealthy citizens away with unwise left wing rhetoric.

They can seize all the assets they can get their hands on. It won’t last them. They’ll burn through it in the snap of a finger.