By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: British man sues council for $647M over lost Bitcoin in landfill
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > British man sues council for $647M over lost Bitcoin in landfill
Crypto

British man sues council for $647M over lost Bitcoin in landfill

By Viral Trending Content 3 Min Read
Share
SHARE

Contents
A war of attritionCouncil rejection to excavate Robots, garbage, BTC…oh my

James Howells, an IT engineer from Newport, is suing Newport City Council in the United Kingdom for 495 million British pounds (around $647 million) in damages after accidentally discarding a hard drive containing 8,000 Bitcoin.

According to WalesOnline, Howells has made numerous attempts to retrieve the drive from the local landfill but has met resistance from the council, which has repeatedly denied his requests to excavate the site.

He mistakenly threw out the hard drive containing Bitcoin (BTC) in 2013 during a household clearout, now worth almost half a billion pounds.

Related: Bitcoin surfs US PPI overshoot as BTC price recovers from sub-$59K dip

A war of attrition

Howells has attempted to recover the lost hard drive for over a decade after mistakenly placing it in a bin liner, which ended up in a recycling center. 

In 2013, the value of his 8,000 BTC was around 1 million pounds (around $1.3 million).

Howells has assembled a team of legal experts to file the court claim, which is set to be heard in December.  

Related: Bitcoin Amsterdam: Flawed research drives harmful Bitcoin policies

Council rejection to excavate 

Despite Howells’ offering to give the council 10% of the recovered BTC value if the hard drive is found, Newport City Council has consistently opposed the excavation request, citing environmental concerns.

The landfill in question has been flagged for breaches of its environmental permit, including elevated levels of asbestos, arsenic and methane. 

The council argues that digging up the site could harm the surrounding area and claims its operation follows strict monitoring protocols.

Related: Bitcoin ETFs end three-day skid with $254M inflow

Robots, garbage, BTC…oh my

In 2022, Howells reportedly pitched an $11 million idea to locate and recover the lost hard drive, potentially surrounded by 110,000 tonnes of garbage. 

The plan is active and would involve no cost to the council. Still, Newport City Council remains firm in its decision to refuse, questioning the legality and feasibility of Howells’ claims.

To keep BTC safe, it’s important to store hardware wallets safely, keep private keys secure offline, and back up recovery phrases in multiple secure locations for extra security. 

Magazine: 10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’

You Might Also Like

Polymarket Sees Record $153M Daily Volume After Chainlink Integration

Elon Musk’s xAI sues Colorado arguing its AI rules restrict speech

OKX Ventures, HashKey back VPBank-linked CAEX for Vietnam crypto pilot push

Bitcoin Figure Adam Back Denies Being Satoshi Nakamoto

CIA to integrate AI ‘co-workers’ to process intelligence, catch spies

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Colorado school districts want voters to OK billions for new buildings and maintenance. It may be a tough sell.
Next Article Report: Trent Alexander-Arnold handed surprise England role against Finland
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?