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9/11 Victims Seek $671M Share of 127,271 Seized Bitcoin Held by US

A group of 95 September 11 victims and family members, known as the Chairnoff Claimants, has filed a legal notice seeking rights to approximately 127,271 Bitcoin held in U.S. government custody. The claimants hold outstanding court judgments against Iran exceeding $671 million and argue that mining pool LuBian acted as an Iranian state instrumentality under the Terrorism Risk Insurance Act. The U.S. government originally filed a civil forfeiture complaint in October 2025 alleging links to wire fraud and money laundering. Multiple parties are contesting ownership, and no distribution rights have been granted.

Category

Bitcoin

Sentiment

Neutral

Event

Regulation legal

Reading time

1 min