James Howells Fights to Recover Lost Bitcoin Worth $800 Million

12/06/2024 08:53
James Howells Fights to Recover Lost Bitcoin Worth $800 Million

James Howells battles in court to recover $800 million worth of lost Bitcoin, discarded in a Newport landfill in 2013.

James Howells, whose girlfriend accidentally threw away 8,000 Bitcoin in Newport, would have had $800 million when Bitcoin reached $100,000 today. 

On Monday, Howells attended a Welsh court to plead his case and search the Newport landfill for the lost Bitcoin.  

A Lost Bitcoin Fortune Buarried in Welsh Landfill 

During the Cardiff civil court hearing on December 2, the council sought to have Howells’ case dismissed. The council’s legal team argued that any items disposed of at the landfill become council property. 

They dismissed Howells’ offer to share the recovered funds, labeling it an attempt to purchase something the council legally cannot sell.

In contrast, Howells’ legal team, led by Dean Armstrong KC, contended that the search involves a carefully targeted excavation. Armstrong emphasized that the plan is supported by experts in data recovery and excavation who are working on a contingency basis, with compensation tied to the recovery of the Bitcoin.

“Somewhere in a Newport garbage dump there’s a hard drive with 8,000 BTC (so now $704 million) on it. Rumor has it James Howells is still sifting through trash today. See, you can feel better about any investing mistakes you’ve never lost that much,” Adam Singer wrote on X (formerly Twitter). 

A Series of Misfortune

In 2013, Howells mistakenly placed the hard drive in a black bag during an office cleanup. His partner at the time, mistaking it for trash, took the bag to the local dump. 

Shortly after realizing the mistake, Howells approached the Newport City Council, offering to share a portion of the lost Bitcoin for permission to search the site. Howells even offered a 25% reward to the council to approve the digging. 

Yet, both Howells and Hanyecz’s stories will be remembered as shocking misfortunes in the history of digital assets. There’s still some hope for Howells if the Welsh court approves his plans to search the Newport council landfill. However, it would be like searching for a needle in a haystack or worse. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Read more --->