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Republic Square, Belgrade (lmeao/WikiCommons) The Media Freedom Rapid Response (MFRR), press freedom and free expression partners express our firm support for our colleague Massimo Moratti, the Senior Research Affiliate for the Osservatorio Balcani Caucaso Transeuropa (OBCT), as he faces expulsion from Serbia in apparent connection with his human rights work. We urge Serbian authorities to immediately withdraw the expulsion order and allow our colleague to remain in the country with his family and continue his work. On 4 September, Serbian authorities denied Moratti’s request for temporary residence on grounds of “unacceptable security risks for the country”, ordering him to leave the country within 15 days and imposing an entry ban of one year. Serbian authorities did not provide any additional information regarding the grounds for the decision.  An Italian citizen, Moratti is an experienced human rights advocate who has spent more than 20 years in the region and has been living in Serbia continuously since 2022, when he moved to Belgrade following his partner’s assignment in the country.  Moratti has served as a correspondent for the OBCT media outlet in Sarajevo and later in Belgrade since 2005. From 2011 to 2018, he worked in Serbia on multiple EU projects assisting displaced persons and refugees, as well as potential asylum seekers, while later moving to London to serve as Deputy Director of Amnesty International’s European Regional Office. After relocating back to Belgrade with his family, he joined the MFRR team, playing a crucial role in shaping the consortium’s media freedom advocacy efforts in the Western Balkans. In late January, Moratti and his family submitted a request for temporary residence to Serbian authorities. In May his partner was granted temporary residence. In June, a formal meeting was scheduled with the Serbian State Security and Information Agency, which questioned him about his current and past professional activities in the country. On 3 September, his partner received a call from the police that notified that the following day Moratti was expected at the premises of the foreign citizens’ department, where he was eventually handed the expulsion order.  With the assistance of his lawyer, Moratti filed an appeal against the Office’s decision on 10 September, and subsequently requested an interim measure from the Administrative Court to suspend the enforcement proceedings, asking the Court to take into account the forced family separation that his expulsion would entail.  While there has been no specific explanation given for the justification of this decision by Serbian authorities, there are grounds to suspect that the removal order is connected to his different roles as a human rights and media freedom advocate, for his reporting for OBCT on the social and political tensions that have been rising in Serbia over the past few years, or for his work within the MFRR consortium.  In the last few years, the MFRR and OBCT have documented the deepening slide into what we and others have called a media freedom crisis in Serbia, including escalating physical violence against journalists and the attempt by Serbian authorities to censor or silence independent journalism and critical voices. In this context, the MFRR together with the Council of Europe’s Safety of Journalists Platform conducted its last visit in the country in March 2026, an advocacy mission which was joined by Moratti on behalf of OBCT, and published the mission’s final report in July 2026. This timeline overlaps with the administrative backlash of which Moratti has been the target.  Our organisations consider his permit of stay denial and the expulsion order that was subsequently issued to be a form of administrative harassment intended to intimidate him in retaliation for his work, and for supporting journalists in the country and the broader region. This permit rejection measure follows a worrying trend. Over the past two years, there have been multiple documented cases in which foreign civil society activists, journalists and human rights advocates in Serbia have had their residence permits refused, revoked, or were expelled and banned from re‑entry, or denied entry in the first instance, often on similarly vague “security risk” grounds. This trend has been documented in the European Commission’s 2025 Rule of Law Country chapter. The undersigned organisations stand firm in solidarity with our colleague and urge the Serbian authorities to immediately revoke the expulsion order targeting him and to refrain from further forms of administrative harassment, allowing Moratti to live with his family and continue his work in support of media freedom. As this is a crucial case involving a human rights advocate standing up for media freedom in the country amid a dramatic deterioration in press freedom, the undersigned MFRR partners and free expression organisations will closely monitor the proceedings. Signed: Osservatorio Balcani Caucaso Transeuropa (OBCT) European Federation of Journalists (EFJ) European Centre for Press and Media Freedom (ECPMF) Free Press Unlimited (FPU) ARTICLE 19 Europe International Press Institute (IPI) Index on Censorship Reporters Without Borders (RSF) Balkan Free Media Initiative (BFMI) International Federation of Journalists (IFJ) READ MORE

Market Data Newsletter
Wednesday, September 23
Cryptocurrency & Free Speech Finance

$161 Million in Decade-Old Bitcoin Has Moved in Just Two Weeks

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1 Million in Decade-Old Bitcoin Has Moved in Just Two Weeks

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In brief

  • Four long-dormant Bitcoin wallets moved a combined 1,971.03 BTC (~$161 million) over the past two weeks, per Galaxy Research, led by a 1,260.78 BTC stash (~$100.63 million) untouched since 2016.
  • The oldest coins posted staggering gains—one 2011-era wallet was up more than 8.38 million percent—while the most recent, a 600 BTC (~$51.9 million) transfer dormant since 2012, moved early Tuesday.
  • Three of the four carried “Noah Doe” tags tied to a New York abandoned-property lawsuit, extending a 2026 trend of decade-old wallets reactivating.

The steady procession of long-dormant Bitcoin wallets springing back to life is showing no sign of slowing, with four more ancient stashes moving a combined $161 million over the past two weeks.

According to Galaxy Research’s blockchain monitoring, the awakened wallets moved 1,971.03 BTC in all between Sept. 6 and Sept. 22. The largest, holding 1,260.78 BTC worth about $100.63 million, had sat untouched since July 2016, more than 10 years, potentially delivering a gain of roughly 12,122% on a cost basis near $652.

Myriad: How high will Bitcoin go? Click to make your prediction.

The oldest coins carried even larger returns in terms of percentage gains. A wallet dormant since March 2011, holding 10.25 BTC now worth about $792,000, notched a gain of more than 8.38 million percent from an average cost around $1. Another 100 BTC, untouched since November 2011 and worth about $8.09 million, was up roughly 2.49 million percent.

The most recent stirred just hours ago. Early Tuesday, a wallet holding 600 BTC, worth about $51.9 million, moved coins that had been dormant since July 2012, a 14.2-year slumber that could have yielded a gain of more than 1 million percent.

BitcoinBTC · USD

$86,515+14%

Sep 16Sep 17Sep 19Sep 21Sep 23

$87.0k$83.2k$79.3k$75.5k

24h HighHigh$86,639

24h LowLow$85,107

VolVol$1.8B

Market projectionsOdds by Myriad

→

Three of the four wallets carried a “Noah Doe” sender tag, a reference to a New York lawsuit that seeks to have thousands of dormant Bitcoin addresses declared abandoned property. Named wallets tied to that case have been stirring regularly since a judge paused the proceedings in June.

The activity extends a trend that has defined 2026 on-chain activity on Bitcoin. An earlier wave saw six wallets move roughly $40 million in a single 10-day stretch, and a Galaxy chart showed Bitcoin’s oldest cohort, coins untouched for a decade or more, stirring at a pace rarely seen.

Such movements draw scrutiny because so few holders from Bitcoin’s earliest days still control their private keys, making each awakening a potential signal of long-lost supply returning to circulation.

A transfer alone doesn’t reveal whether an owner is selling, consolidating or shifting to new custody, and the recipient of the latest 600 BTC transfer was not identified on-chain.

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