CandleFocus $500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
2024-10-14
Author: Content Editor
James Howells, an IT engineer from Newport, Wales, is suing Newport City Council to recover a hard drive containing 7,500 bitcoins that he mistakenly dumped in 2013, now worth nearly $500 million. Howells claims the data is recoverable but the council has denied excavation requests due to environmental concerns. Howells is seeking $647 million in damages and has offered the council 10% of the recovered bitcoin's value. He has assembled a team of experts for a £10 million excavation, but the council has repeatedly rejected his pleas.
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