Containing 8,000 Bitcoins Worth Over Half A Billion Dollars!
🔍 James Howells, a software engineer from Wales, etched his name in history for accidentally discarding a hard drive containing Bitcoin (BTC), now worth over $514 million! In a bold move, he's now taking legal action to retrieve them.
What Happened:
📜 Lawsuit Filed: James Howells has filed a lawsuit against the Newport City Council, seeking £495.31 million (~$647 million) in damages for refusing his request to excavate the landfill where the hard drive is buried.
💼 Strategic Move: Howells claims that the lawsuit is a strategy to convince the council to allow excavation, not necessarily a reflection of the current circumstances.
🤝 Team of Experts: He has gathered a team of specialists ready to carry out the excavation at no cost to the council.
💰 Proposed Deal: Howells has also proposed to give the council 10% of the recovered Bitcoin's value as an incentive.
🚧 Council’s Response:
❌ "Weak" Case: Newport City Council has dismissed the lawsuit as "weak," citing concerns about the potential environmental impact of the excavation.
🗓️ Hearing Set for December: The case is scheduled for a hearing later this year.
Why It Matters:
⏪ The Story's Origin: This bizarre saga began in 2013 when Howells mistakenly threw away a hard drive containing 8,000 BTCs while cleaning his office.
📈 Peak Value: The compensation Howells seeks reflects the peak valuation of the Bitcoin stash earlier this year, when it reached a new all-time high.
💸 Current Value: As of now, 8,000 BTCs are worth $514.37 million, with Bitcoin trading at $64,296.34 per unit.
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Will James Howells succeed in his legal battle to recover his lost fortune, or will the council stand firm? Stay tuned for the next chapter in this incredible saga!
