Man Sues City Council for $647,000,000 for Blocking Him From Digging Up Old Hard Drive With Bitcoin: Report

A British man has reportedly sued his municipality for a whole lot of tens of millions of {dollars} for not permitting him to dig up his previous laborious drive containing Bitcoin (BTC) from a landfill.

In accordance with a brand new report from WalesOnline, James Howells has filed a $647 million lawsuit in opposition to Newport Metropolis Council for stopping him from retrieving his laborious drive for greater than a decade after a misunderstanding led to it being thrown right into a recycling middle dumped.

Howells says he tried to contact town for greater than a decade however was largely ignored. He even went as far as to finance and assemble a group to hold out the restoration – which required excavating 100,000 tonnes of waste – in addition to providing the council 10 tonnes of waste. % of Bitcoin recovered.

In accordance with Howells, the laborious drive accommodates 8,000 Bitcoins, presently value greater than $500 million. His then-partner by accident threw away a rubbish bag containing his BTC pockets after placing it there whereas cleansing up some tools.

Howells’ group mentioned that if the laborious drive have been discovered, there can be about an 80% likelihood that the cash can be recovered.

Nevertheless, the council rejected his proposal to launch a search as a result of environmental issues.

A municipal spokesperson said this within the report.

“The council has advised Mr Howells a number of occasions that excavations are usually not attainable underneath our environmental allow and that such work would have an enormous destructive environmental influence on the encircling space. The municipality is the one physique approved to hold out work on the positioning.”

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