Bitcoin

Million

Billion

James

Not every day, one mistakenly loses access to a hard drive <a href="https://bitcoinist.com/microstrategys-massive-bitcoin-stash-hits-3-billion-in-unrealized-profit/">containing 7,500 BTC</a>. That is the case of this <a href="https://bitcoinist.com/uks-fca-adds-143-crypto-entities-in-its-warning/">British father</a>, who has been in a long-running battle with the Newport City Council to recover his lost funds.&nbsp; 
<h2 id="b-a-1-billion-lawsuit-to-recover-275-million-worth-of-bitcoin-b">A £1 Billion Lawsuit To Recover £275 Million Worth Of Bitcoin</h2> 
According to the <a href="https://www.mirror.co.uk/news/uk-news/dad-who-binned-275m-bitcoin-32102118" target="_blank" rel="noopener nofollow">report</a>, an engineer, James Howells, plans to sue the Newport City Council for £1 billion, which he admits can bankrupt the local authority. However, this is not Howells’ intention, as he stated that the lawsuit is just a “means” he wants to use to <a href="https://bitcoinist.com/binance-aids-recovery-xrp-retrieval-still-ongoing/">recover his Bitcoin</a>.&nbsp; 
Howells revealed that the Newport City Council has been adamant about helping him <a href="https://bitcoinist.com/lost-your-bitcoin-here-is-how-you-can-recover-it/">recover his funds</a> so far, refusing to speak to him about how they can help him regain the hard drive. Interestingly, the report noted that this matter has been ongoing for<a href="https://bitcoinist.com/ripple-cto-sec-lawsuit/" target="_blank" rel="noopener "> over a decade with no end</a>, considering how “stubborn” the council has been.&nbsp; 
In the past, the engineer had offered to share the lost Bitcoin with the Council if they could help him find the hard drive, but they still didn’t budge. Howells hopes the lawsuit will get the Council’s attention and lure them to the negotiation table to avoid bankruptcy.&nbsp; 
If that doesn’t work out, he would need the court to grant him an injunction to dig up the landfill where he believes his Bitcoin hard drive was thrown away. As part of the legal steps he is taking, Howells is reported to have hired a legal team that has already sprung into action. 
The lawyers have written a letter of demand to the Council requesting permission to search the site for the missing drive.&nbsp; 
<h2 id="b-the-back-story-b">The Back Story&nbsp;</h2> 
Bitcoinist <a href="https://bitcoinist.com/hedge-fund-backs-man-who-dumped-hard-drive-containing-381m-btc-to-recover-hard-drive/" target="_blank" rel="noopener ">reported</a> that&nbsp;Howell’s Bitcoin hard drive was accidentally thrown out during an office clearout in 2014. The drive was mixed up with the other items his ex-girlfriend had put in the dump. The computer engineer believes the hard drive lies at a Gwent, Newport landfill.&nbsp; 
Howells has argued that he wasn’t the one who binned the drive, and the council should recognize this and lend a “helping hand.” However, the City Council contends that the engineer lost claim to the drive when it was dumped.&nbsp;&nbsp; 
Even if Howells is successful in his claims, he still has his work cut out. Even with X-ray scanning machines and <a href="https://bitcoinist.com/merging-crypto-and-ai-beware-the-traps-buterin/" target="_blank" rel="noopener ">AI technology</a>, a landfill search will take nine to twelve months. The engineer, however, has an idea of where exactly to look, as he mentioned that he has studied aerial photographs of the site.&nbsp; 
<img loading="lazy" decoding="async" class="wp-image-280799 size-large" src="https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?resize=980%2C491" alt="Bitcoin price btc btcusdt crypto joe biden ethereum eth ethusdt" width="980" height="491" srcset="https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=2433 2433w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=360 360w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_11-29-01_19aee.png?w=1140 1140w" sizes="(max-width: 980px) 100vw, 980px" data-recalc-dims="1"> 
Chart from Tradingview

£275 Million Mistake: Father To Sue Local Authority Over Bitcoin Hard Drive

Table of Contents

Bitcoinist

Other articles published on Feb 12, 2024

Bitcoin Surge Insufficient for Crypto Markets

Bitcoin (BTC) surges past $50,000 for the first time since December 2021

Everlodge is Digitizing the Real Estate Marketplace While OSMO & HBAR Got Bullish

Urgent Need for Crypto Regulation in Nigeria Emphasized by Expert

zkSync Airdrop Guide

Wall Street’s Record-Breaking Rally for Bitcoin ETFs

Join our free newsletter for daily crypto updates!