Home web3.0 IT Engineer Sues City Council for $647M After It Blocks His Attempt to Recover a Hard Drive Containing 8,000 Bitcoin

IT Engineer Sues City Council for $647M After It Blocks His Attempt to Recover a Hard Drive Containing 8,000 Bitcoin

Oct 13, 2024 am 06:30 AM
British Man Council $647M Lost Bitcoin

The drive was mistakenly discarded in 2013. Despite offering the council 10% of the recovered value, the council

IT Engineer Sues City Council for 7M After It Blocks His Attempt to Recover a Hard Drive Containing 8,000 Bitcoin

An IT engineer from Wales has filed a court claim against Newport City Council for 495 million British pounds (nearly $647 million) in damages after the council blocked his attempts to recover a hard drive containing 8,000 Bitcoin (BTC).

James Howells, a Newport resident, accidentally disposed of the hard drive during a household clearout in 2013. At that time, the BTC was worth about 1 million pounds (around $1.3 million), and its value has since soared to nearly half a billion pounds.

According to WalesOnline, Howells has made several attempts to retrieve the hard drive from the local landfill, but Newport City Council has repeatedly denied his requests to excavate the site. The council has cited environmental concerns as the main reason for their refusal.

Now, Howells has engaged a team of legal experts to file a court claim, which is set to be heard in December. He has offered the council 10% of the recovered Bitcoin’s value if the hard drive is found, but the council has stood firm in its decision.

The landfill in question has been flagged for breaches of its environmental permit, with reports of elevated levels of asbestos, arsenic, and methane. The council has maintained that excavating the site could harm the surrounding area and that their operations follow strict monitoring protocols.

In 2022, Howells proposed an $11 million plan to locate and recover the lost hard drive, which would involve using robots to sift through 110,000 tonnes of garbage at no cost to the council. However, the council has continued to express doubts about the legality and feasibility of Howells’ claims.

To prevent similar incidents, it is essential to securely store hardware wallets, keep private keys safe offline, and back up recovery phrases in multiple secure locations.

The above is the detailed content of IT Engineer Sues City Council for $647M After It Blocks His Attempt to Recover a Hard Drive Containing 8,000 Bitcoin. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1664
14
PHP Tutorial
1266
29
C# Tutorial
1239
24
Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF Apr 11, 2025 am 11:04 AM

This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply Apr 14, 2025 am 11:26 AM

In a devastating blow to investors, the OM Mantra cryptocurrency has collapsed by approximately 90% in the past 24 hours, with the price plummeting to $0.58.

TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market Apr 14, 2025 am 10:24 AM

Have you noticed the meteoric rise of meme coins in the cryptocurrency world? What started as an online joke has quickly evolved into a lucrative investment opportunity

Zcash (ZEC) Reaches a High of $35.69 as a Record Amount of Tokens Move Out of Circulation Zcash (ZEC) Reaches a High of $35.69 as a Record Amount of Tokens Move Out of Circulation Apr 09, 2025 am 10:36 AM

Zcash was one of the top gainers during the latest market rally, reaching a high of $35.69 as traders moved a record amount of tokens out of circulation.

Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes Apr 10, 2025 pm 12:43 PM

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn Apr 13, 2025 am 11:40 AM

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd Apr 13, 2025 am 11:48 AM

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

Bitcoin (BTC) Has Outperformed Ethereum by Over 85% in Realized Market Cap Growth Bitcoin (BTC) Has Outperformed Ethereum by Over 85% in Realized Market Cap Growth Apr 11, 2025 am 10:12 AM

Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10.