British engineer James Howells accidentally threw away a hard drive containing 8,000 Bitcoins in 2013. As the price of cryptocurrency rose, he spent the past 10 years trying every means to recover the hard drive, and even repeatedly asked the local city council to dig up the trash. field, but were rejected. Now, desperate, he has decided not to sit still and plans to sue the city council for $557 million.
According to the British "Daily Telegraph" report, after Newport city council repeatedly rejected James Howells' request to dig a garbage dump, he issued an open letter on September 4, stating that if it was not If excavation is allowed before the 18th, he will go to court and propose 446 million pounds (about 557 million U.S. dollars) in damages, and even threatens to "sue the city council for bankruptcy." Additionally, James Howells is demanding a judicial review of the council's decision to ban him from the dumpsite over the past 10 years.
It is worth noting that during the 2021 bull market, the value of James Howells’ lost Bitcoin was once more than $550 million, and even now, during the bear market, it is worth as much as $205 million. He stated in his open letter:
I have tried my best over the past 10 years, but they are still unwilling to communicate, so we must now resort to legal means to file a lawsuit. Regardless of Bitcoin, gold, or diamonds, there are currently 500 million US dollars buried in the ground, but they don't even bother to engage in dialogue. Isn't this extremely stupid?
In response to James Howells' request, Newport City Council's opposition position has not changed. In addition to not complying with regulations, the reasons include the huge cost of excavation, harm to the ecological environment, and the risk of dangerous gas leakage and fire. Even if it is threatened with a lawsuit now, the city council's response is always "impossible":
We will not be commenting further on this issue as it takes up valuable officer time that could be used to serve more Newport residents.
This article British man accidentally lost 8,000 Bitcoins by losing his hard drive! Threatening to sue the city council after failing to dig out a garbage dump appeared first on Block Guest.
