Judge Dismisses £600M Bitcoin Recovery Lawsuit from Newport Landfill

Politics

1 year ago

News sources:

Credited from: BBC

A High Court judge has rejected James Howells' lawsuit against Newport council, seeking to recover a Bitcoin hard drive valued at approximately £598m.
Howells claimed that his former partner inadvertently disposed of the hard drive in 2013, containing a Bitcoin wallet he had successfully mined.
The court found no reasonable grounds for the legal action, stating there was no realistic chance of success at trial.
Newport council argued that current laws made the hard drive their property once it entered the landfill.
Howells had offered to share 10% of the recovered Bitcoin with the local community but faced legal and environmental regulations hindering excavation efforts.