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 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.

William

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.

Recent Posts

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

1 hour ago

Robinhood Crypto Now Supports Solana Trading Again

Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…

6 hours ago

Missed Out on Chainlink Early Gains? This Layer-1 Project is Set to Explode to $15 After Mainnet Launch

If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…

6 hours ago

BlackRock BUIDL Fund Expanded to New Blockchains to Boost Accessibility

BlackRock BUIDL funds have been expanded to Arbitrum, Aptos, Avalanche, Optimism, and Polygon.

8 hours ago

Metaplanet Bitcoin Holdings Helps Company Earn $28 Million in Profit

Tokyo-based Metaplanet Bitcoin holdings grew by $28 million, doubling to 1,018.17 BTC since late September.

8 hours ago

This website uses cookies.