The Salomon Brothers Bitcoin Dusting Campaign: Novel Legal Theory or Speculative Overreach?
A Legal Analysis of Constructive Possession Claims, Abandoned Property Law, and Self-Custodial Digital Assets Executive Summary In summer 2025, an unknown client of Salomon Brothers Securities Inc. executed an unprecedented campaign, sending over 41,000 OP_RETURN messages to dormant Bitcoin wallets controlling approximately 2.3 million BTC (roughly 11% of Bitcoin’s circulating supply). These messages claimed “constructive …