bitcoinlawsuit

November 5, 2025, the U.S. Court of Appeals for the Eleventh Circuit rejected the lawsuit of Michael Prime, a Florida inmate, who sought compensation for the lost 3443 $BTC worth over $354 million. During his arrest in 2019 for document forgery and identity theft, the FBI confiscated an orange hard drive. Prime has repeatedly denied having a large amount of cryptocurrency, claiming he only holds $200–1500 in bitcoins.