A prolonged legal battle over a discarded hard drive containing Bitcoin
$94,830.26
has ended in disappointment for James Howells, an IT worker from Newport, Wales.
The hard drive, which holds 8,000 Bitcoin worth over $750 million, was mistakenly thrown out in 2013 and has been buried in a landfill.
Howells had repeatedly sought permission from Newport City Council to excavate the landfill by offering to share 10% of any recovered funds with the council and local residents. He even proposed a £10 million ($12.3 million) recovery project backed by investors.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
NEAR Protocol Explained: Beginner’s Guide to NEAR (Animated)
Despite these offers, the council consistently denied his requests due to risks to the environment and breaches of local permits.
In Howells’ most recent legal attempt, he asked the court for access to the landfill or $608 million in damages. However, the council argued that the hard drive became the landfill’s property once it entered the site and maintained that excavation would cause serious environmental harm.
Judge Keyser KC dismissed the case, stating it had “no realistic prospect” of succeeding at trial. The judge ruled that the council’s ownership of the landfill and its environmental permit fully justified their refusal to allow excavation.
Following the ruling, Howells expressed frustration with what he called an unjust legal system. He said:
This ruling has taken everything from me and left me with nothing.
However, he noted that the court did not dispute his ownership of the Bitcoin, which he believes could help in future efforts.
As James Howells’ legal battle concludes, Montenegro’s Constitutional Court recently rejected Terraform Labs co-founder Do Kwon’s extradition appeal. What led to the decision? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
