British Man Sues Council to Recover $527 Million Bitcoin Fortune Lost in Landfill
ICARO Media Group
### Man Takes Legal Action to Retrieve $527 Million in Bitcoin from Local Landfill
In a dramatic legal move, a British man has initiated a lawsuit against a local council in Wales, desperately seeking to recover a hard drive that holds 8,000 BTC (Bitcoin) he inadvertently disposed of a decade ago. The man, James Howells, 39, famously discarded the hard drive in 2013, which at that time contained Bitcoin worth around $1 million. Today, that same digital fortune is valued at approximately $527 million.
The high-profile case revolves around the Newport Council, custodians of the landfill where the elusive hard drive allegedly resides. Over the past ten years, Howells has persistently approached the council to gain permission for an excavation. However, his efforts were met with resistance primarily due to the council's environmental concerns.
Undeterred, Howells has now chosen to sue the council for damages amounting to 495 million pounds ($646 million). The figure represents the highest valuation of the 8,000 BTC earlier in the year. The primary goal of this legal pursuit, as Howells articulates, is to pressure the council into allowing an excavation to avoid a prolonged legal conflict.
To this end, Howells has rallied a dedicated team, including the former head of the landfill who claims to pinpoint the specific location of the hard drive. The prospective excavation project, costing approximately $13 million, is anticipated to span from 18 to 36 months, with an additional year needed for remediation. Despite the council's persistent rejections, Howells remains unwavering and even proposed allocating 10% of the Bitcoin's value to the council, an offer equivalent to 41 million pounds based on current rates.
This unfolding legal drama is set for a significant moment when the case is heard in December, as Howells continues his relentless quest to reclaim his lost Bitcoin fortune amidst mounting environmental concerns and bureaucratic hurdles.