James Howells of Newport, Wales, finds himself in a desperate struggle to recover a digital fortune currently valued at over £569 million.
A Welsh man is locked in a legal battle with his local council over access to a digital fortune currently valued at over £569 million ($743 million).
James Howells of Newport, Wales, mined 8,000 Bitcoins in the early stages of the cryptocurrency boom in 2009, but lost access to his digital wallet when a hard drive was mistakenly thrown out by his partner in 2013.
The hard drive contains the private key needed to access the bitcoins, which were worth a few pounds each when he mined them and are now worth tens of thousands of pounds per coin. The drive was inadvertently thrown out during a clear-out and ended up in a city landfill, a mistake that could cost Howells and his family a fortune.
Now, with the stakes raised by the soaring value of Bitcoin, Howells is taking legal action against Newport City Council after multiple denials to excavate the landfill where he believes his hard drive rests.
The council has resisted his requests, citing environmental concerns and regulatory restrictions regarding landfill excavations.
Howells’ last hope lies in a legal battle at Cardiff’s commercial court, where his attorneys will present arguments to sway the judge in his favor.
If successful, Howells will gain the legal authority to organize an excavation of the landfill, a process that could take several months and involve advanced screening technology to locate the hard drive without causing further environmental damage.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
