Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
The Lost Bitcoin Hard Drive Lawsuit and the Challenge to Retrieve it
- James Howells plans to sue Newport City Council for $1.2 billion after mistakenly discarding a hard drive containing $345 million worth of Bitcoin.
- Despite a decade-long dispute, the council denies Howells’ claim to the hard drive, leading him to consider escalating the matter to the High Court.
- Howells proposes an environmentally friendly recovery operation using AI technology to locate the hard drive, believed to be buried deep in a local landfill.
In a dramatic turn of events, James Howells, a 38-year-old father and computer engineer from Newport, Gwent, is poised to sue Newport City Council for a staggering $1.2 billion over a lost Bitcoin hard drive lawsuit containing Bitcoins now valued at $345 million. This lawsuit could potentially bankrupt the council, escalating a decade-long dispute that has captured widespread attention.
Unleash the potential of leverage trading! Join Bybit today with our link, complete KYC, and earn up to a $40 bonus on a $100 deposit. Don’t miss out on this exclusive offer; claim your bonus now!
James’ Lost Bitcoin Hard Drive Lawsuit
Howells’ ordeal began ten years ago during an office clearout when his hard drive, holding a substantial amount of Bitcoin, was mistakenly thrown away. Unbeknownst to him, his ex-partner had taken the black bag containing the hard drive to the local dump. Since then, Howells has been in a relentless battle with the Labour-controlled Newport City Council, seeking permission to retrieve his lost digital fortune.
Howells is preparing to escalate the case to a critical juncture by seeking a Judicial Review in the High Court to reclaim his property. Drawing an analogy, Howells compares his situation to a neighborly dispute over a football accidentally kicked over a fence, arguing that the council cannot simply pile waste over his property, effectively barring access to it.
Unleash the potential of leverage trading! Join Bybit today with our link, complete KYC, and earn up to a $40 bonus on a $100 deposit. Don’t miss out on this exclusive offer; claim your bonus now!
The Legal Challenge
Howells employed a legal team to challenge the council’s stance. He adds he was denied any claim to the hard drive because it was dumped. Before, he offered to share the recovered Bitcoin with the council. Now, Howells accuses them of being too stubborn to negotiate. He asserts that his intention is not to bankrupt the council. He adds that he simply wants to excavate his property in an environmentally responsible manner.
The council’s alleged refusal to acknowledge that Howell’s hard drive was discarded without his consent complicates the legal battle. The council is reluctant to permit a search operation. This is despite Howell’s willingness to fund and execute an environmentally friendly recovery process using AI technology.
Unleash the potential of leverage trading! Join Bybit today with our link, complete KYC, and earn up to a $40 bonus on a $100 deposit. Don’t miss out on this exclusive offer; claim your bonus now!
Search and Recovery Efforts
Howells, who has thoroughly researched the landfill site, believes the hard drive lies within a specific 200-square meter area, potentially buried up to 15 meters deep. He estimates the search could take nine to twelve months. This endeavor, while technically challenging, represents a last-ditch effort for Howells to reclaim what he sees as rightfully his.
The skyrocketing value of Bitcoin since the hard drive’s disposal adds a layer of urgency and complexity to Howells’ quest. He argues that the council should recognize the increased value of the lost Bitcoin. As the case attracts media attention and the dispute seems far from resolved, possibly setting a precedent for future cases, Newport City Council has been approached for a comment.
Enhance Your Crypto Trading Skills With Our Legends’ Trading Masterclass
Empower your crypto trading skills with our Legends Masterclass. Sign up now and take advantage of our limited-time discount offer! Join the class today.
The post Man Who Dumped Hard Drive with Over $345M of Bitcoin Wants to Sue City Council for $1.2B appeared first on Bitcoinsensus.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.