IT Engineer Loses $770M Bitcoin Treasure After Court Blocks Landfill Recovery
An IT engineer’s bid to recover a hard drive containing 7,500 Bitcoin—worth around $770 million—has ended in disappointment as the court denied his request to excavate a landfill. The drive was accidentally discarded in 2013, and while the engineer proposed a multi-million-dollar recovery project, the court rejected it, citing environmental concerns and the uncertainty of success.
This high-profile case underscores the risks of inadequate storage and backup strategies for digital assets. It serves as a cautionary tale about the need for robust security practices in the cryptocurrency space. Binance users are reminded to implement strong safeguards to protect their investments and avoid similar losses. $BTC