A Nightmare: The Billion Bitcoin Story in the Landfill
The story of British man James Howells is like a nightmare; due to a moment of negligence, he threw away a hard drive containing 8,000 bitcoins, losing a fortune now worth up to $716 million. Recently, his ex-girlfriend Halfina Eddy-Evans was interviewed and humorously clarified that she was merely acting on Howells' request, adding more drama to this incident.
Looking back to 2009, when Howells was mining, each bitcoin was worth less than $1, yet during a big cleanup in 2013, he accidentally threw away the hard drive containing this gold. With the skyrocketing price of bitcoin, the value of this 'trash' is now astonishing. Since Howells realized the potential of the hard drive, he has actively sought to excavate it from the Newport City Council but has been repeatedly denied, even filing a lawsuit for about $647 million, which is still ongoing.
This incident not only evokes heartbreak but also reminds us of the high risks of self-custody in cryptocurrency. No one wants to take a safety class worth $716 million! If you find managing hot and cold wallets or securing private keys troublesome, you might consider some innovative ways to protect your assets.
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