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News

James Howells Sues Council for $647M Over Lost Bitcoin Drive

36 mins ago - Around 2 mins mins to read

Key Points:

  • James Howells sues council over blocked Bitcoin recovery – Howells filed a lawsuit against Newport City Council for denying excavation of a landfill where his 8,000 Bitcoin hard drive is buried.
  • James Howells sues council, seeks $647M for lost Bitcoin – After multiple rejected requests to excavate the site, Howells is now suing Newport City Council for $647M in damages.
James Howells sues council for blocking landfill excavation to retrieve a discarded hard drive with 8,000 Bitcoin. Damages sought: $647M.
James Howells Sues Council for $647M Over Lost Bitcoin Drive

James Howells Sues Council Over Lost Bitcoin Worth $647M

An engineer from Newport, James Howells, accidentally threw away a hard drive containing 8,000 Bitcoin while cleaning his house. That crypto is now valued at $647 million. Howells filed a suit against Newport City Council for preventing him from excavating the land where he believes the hard drive ended up, citing environmental concerns.

He had offered the council 10% of the value of the recovered Bitcoin, but his requests to dig were not granted. Howells has filed a formal lawsuit, and the hearing is set to happen in December, according to CoinDesk.

Read more: Have You Ever Lost Bitcoin? What Does This Mean?

Legal Fight: James Howells Sues Council Over Bitcoin Hard Drive

The class-action lawsuit focuses on the decision of the Newport City Council to deny Howells permission to excavate his hard drive containing Bitcoin in a local refuse landfill. It is claimed that the council will not allow it on account of environmental and safety concerns.

Howells has gathered some expertise in the case represented by attorneys to help him push forward. Recovered 8,000 Bitcoins may have an extended market effect, but no one knows how this case will turn out.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Bitcoin recovery

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In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.
News

James Howells Sues Council for $647M Over Lost Bitcoin Drive

Key Points:

  • James Howells sues council over blocked Bitcoin recovery – Howells filed a lawsuit against Newport City Council for denying excavation of a landfill where his 8,000 Bitcoin hard drive is buried.
  • James Howells sues council, seeks $647M for lost Bitcoin – After multiple rejected requests to excavate the site, Howells is now suing Newport City Council for $647M in damages.
James Howells sues council for blocking landfill excavation to retrieve a discarded hard drive with 8,000 Bitcoin. Damages sought: $647M.
James Howells Sues Council for $647M Over Lost Bitcoin Drive

James Howells Sues Council Over Lost Bitcoin Worth $647M

An engineer from Newport, James Howells, accidentally threw away a hard drive containing 8,000 Bitcoin while cleaning his house. That crypto is now valued at $647 million. Howells filed a suit against Newport City Council for preventing him from excavating the land where he believes the hard drive ended up, citing environmental concerns.

He had offered the council 10% of the value of the recovered Bitcoin, but his requests to dig were not granted. Howells has filed a formal lawsuit, and the hearing is set to happen in December, according to CoinDesk.

Read more: Have You Ever Lost Bitcoin? What Does This Mean?

Legal Fight: James Howells Sues Council Over Bitcoin Hard Drive

The class-action lawsuit focuses on the decision of the Newport City Council to deny Howells permission to excavate his hard drive containing Bitcoin in a local refuse landfill. It is claimed that the council will not allow it on account of environmental and safety concerns.

Howells has gathered some expertise in the case represented by attorneys to help him push forward. Recovered 8,000 Bitcoins may have an extended market effect, but no one knows how this case will turn out.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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