A British judge has rejected a Welsh IT worker’s bid to search a landfill for a discarded hard drive containing Bitcoin (BTC) worth over $600 million, ending a 12-year quest to recover the lost cryptocurrency.
According to a new report from the BBC, James Howells lost the device containing 8,000 Bitcoin during a 2013 house cleanup in Newport, Wales, when he mistakenly threw away the wrong hard drive.
The BTC on the hard drive, which Howells mined in 2009 during cryptocurrency’s early days, has skyrocketed in value since then.
Despite offering to share the recovered funds with the local community and presenting detailed environmental safety plans, Howells failed to convince Newport City Council to permit a search of the landfill where the hard drive is believed to be buried.
The council maintained that excavating the site would pose significant environmental hazards, including the potential release of harmful materials. Officials also questioned the likelihood of finding an intact hard drive after years of exposure to the elements.
According to the report, the court’s dismissal cited a lack of reasonable grounds for success in Howells’ case. The ruling marks the end of his efforts to recover what would be one of the largest lost cryptocurrency fortunes in history.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Court Throws Out Welsh Bitcoin Miner’s Case To Recover BTC Hard Drive Worth $612,711,194 From Landfill: Report appeared first on The Daily Hodl.
A British judge has rejected a Welsh IT worker’s bid to search a landfill for a discarded hard drive containing Bitcoin (BTC) worth over $600 million, ending a 12-year quest to recover the lost cryptocurrency. According to a new report from the BBC, James Howells lost the device containing 8,000 Bitcoin during a 2013 house
The post Court Throws Out Welsh Bitcoin Miner’s Case To Recover BTC Hard Drive Worth $612,711,194 From Landfill: Report appeared first on The Daily Hodl. Bitcoin, Mining, BTC, btc mining, james howells, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.