Man Sues Newport Council for $646M to Recover Lost Hard Drive with 8,000 BTC

TL;DR
- A British man is suing Newport Council for £495 million ($646 million) to recover a hard drive containing 8,000 $BTC he accidentally discarded in 2013.
- Despite proposing a $13 million excavation, the council has rejected the plan due to environmental concerns.

James Howells, 39, is well-known in Bitcoin circles for losing a hard drive with 8,000 $BTC, which was valued at around $1 million in 2013 but has skyrocketed to approximately $527 million today. He has made multiple requests to Newport Council to allow an excavation of the landfill where he believes the hard drive is buried, but his appeals have largely gone unanswered.

Howells is now taking legal action against the council, seeking £495 million ($646 million) in damages, reflecting the peak valuation of the $BTC. He has assembled a team to conduct a $13 million excavation, which includes the council's former head of landfill, who claims to know the exact location of the hard drive. However, Newport Council has declined the proposal, citing environmental concerns.

Despite the challenges, Howells remains determined to recover his lost asset, believing it could significantly increase in value over time. He has stated that he is willing to allocate 10% of the value to the council, which could amount to £41 million based on current $BTC values. His pursuit highlights the implications of cryptocurrency ownership and the lengths individuals will go to reclaim lost assets.

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