• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
‘Bitcoin landfill’ man loses appeal, eyes ‘last legal option’ to recover $672 mln

‘Bitcoin landfill’ man loses appeal, eyes ‘last legal option’ to recover $672 mln

March 18, 2025
investingLive Americas FX news wrap: Core PCE in line, Alibaba develops new AI chips

investingLive European FX news wrap: UK 30yr yield jumps to a new cycle high

September 2, 2025
Japanese AI SaaS Startup LayerX Raises $100 Million In Series B

Japanese AI SaaS Startup LayerX Raises $100 Million In Series B

September 2, 2025
Bunni DEX Exploited for $2.3M After Liquidity Rebalancing Flaw

Bunni DEX Exploited for $2.3M After Liquidity Rebalancing Flaw

September 2, 2025
My favorite projector from Samsung doubles as a gaming hub, and it’s discounted for Labor Day

My favorite projector from Samsung doubles as a gaming hub, and it’s discounted for Labor Day

September 2, 2025
The 20+ best Labor Day deals live now: Last chance to save on Roborock, Bose, and more

The 20+ best Labor Day deals live now: Last chance to save on Roborock, Bose, and more

September 2, 2025
Soft Manager – Trading Ideas – 5 August 2025

Burning Grid Monthly Report – 08/2025 – Analytics & Forecasts – 2 September 2025

September 2, 2025
ECB's Schnabel: I do not see a reason for a further rate cut

ECB's Schnabel: I do not see a reason for a further rate cut

September 2, 2025
Metaplanet’s 20K BTC holdings vs. sliding stocks: Where is sentiment headed?

Metaplanet’s 20K BTC holdings vs. sliding stocks: Where is sentiment headed?

September 2, 2025
I’m a CFP and personal finance reporter. How I plan for open enrollment

I’m a CFP and personal finance reporter. How I plan for open enrollment

September 2, 2025
EU Watchdog Warns Tokenized Stocks Could Mislead Investors: Report

EU Watchdog Warns Tokenized Stocks Could Mislead Investors: Report

September 2, 2025
Ethereum To Sunset Biggest Testnet Holešky Soon

Ethereum To Sunset Biggest Testnet Holešky Soon

September 2, 2025
Volunteer at Disrupt 2025 while you still can

Volunteer at Disrupt 2025 while you still can

September 2, 2025
Tuesday, September 2, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Cryptocurrency

‘Bitcoin landfill’ man loses appeal, eyes ‘last legal option’ to recover $672 mln

by Investor News Today
March 18, 2025
in Cryptocurrency
0
‘Bitcoin landfill’ man loses appeal, eyes ‘last legal option’ to recover $672 mln
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


  • James Howells loses his authorized enchantment to look a landfill for his misplaced 8,000 BTC, now valued at $672 million.
  • Newport Metropolis Council blocks excavation, citing environmental dangers, whereas Howells considers a remaining enchantment to the European Court docket.

The last decade-long authorized battle of James Howells, the British IT skilled who by accident discarded a tough drive containing 8,000 Bitcoin [BTC], has hit yet one more setback.

A UK courtroom lately dismissed his newest enchantment, additional diminishing his possibilities of recovering his misplaced fortune, now valued at practically $672 million. 

Regardless of the repeated rejections from Newport Metropolis Council, Howells stays decided, claiming he has one “final authorized choice” left.

With Bitcoin’s astronomical rise since 2013, his struggle to retrieve the laborious drive has garnered international consideration.

A pricey mistake: How 8,000 Bitcoin ended up in a landfill

In 2013, when Bitcoin was buying and selling at roughly $100 per coin, Howells mistakenly threw away a laptop computer laborious drive containing the personal keys to his Bitcoin holdings.

On the time, the cryptocurrency’s complete value was round $800,000, a fraction of its present worth.

Unaware of its future significance, the drive ended up within the Docksway landfill in Newport, Wales.

Through the years, Bitcoin’s worth surged to $83,969.10 as of March 2025, catapulting the misplaced Bitcoin’s worth into the a whole lot of hundreds of thousands.

Authorized battles and courtroom setbacks

Since realizing his mistake, Howells has repeatedly sought permission from Newport Metropolis Council to excavate the landfill in hopes of recovering the laborious drive.

He proposed funding the operation himself and even provided the council and area people a portion of the recovered Bitcoin. 

Nonetheless, his requests have constantly been denied resulting from environmental considerations and authorized constraints.

In December 2024, Howells escalated the matter by submitting a lawsuit in opposition to the council, demanding £495 million in damages. He argued that he ought to have the precise to seek for his misplaced digital fortune. 

Nonetheless, in January 2025, Choose Keyser KC dominated in opposition to him, stating that his case had “no lifelike prospect of succeeding.”

The courtroom upheld the council’s place, asserting that any merchandise discarded within the landfill legally turns into council property, reinforcing their choice to forestall excavation.

A remaining try: What’s subsequent for Howells?

Regardless of the courtroom ruling, Howells is just not giving up. He publicly stated that he plans to take his case to the European Court docket of Human Rights, arguing that the refusal of Newport Metropolis Council violates his property rights.

This might be his final probability at securing authorized permission to dig for the lacking Bitcoin.

Including to the state of affairs’s urgency, the council has introduced plans to shut the landfill by 2026 to develop a photo voltaic farm on the location. 

With this impending growth, Howells has urged that if authorized avenues fail, he might try to purchase the landfill to realize management over the search operation.

Whether or not he can purchase the land and whether or not the laborious drive is even recoverable after greater than a decade stays unsure.

Earlier: Toncoin holds $3.40 as Durov arrives in Dubai: Will TON remain bullish?
Subsequent: As Pepe recovers, will $0.0000075 be the memecoin’s next stop?



Source link

Tags: appealBitcoineyeslandfillLegallosesmanmlnOptionrecover
Share196Tweet123
Previous Post

The North Dakota court battle testing free speech in Trump’s America

Next Post

Russia’s Novak: Global oil market is balanced now

Investor News Today

Investor News Today

Next Post
Russia’s Novak: Global oil market is balanced now

Russia's Novak: Global oil market is balanced now

  • Trending
  • Comments
  • Latest
The human harbor: Navigating identity and meaning in the AI age

The human harbor: Navigating identity and meaning in the AI age

July 14, 2025
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Niels Troost has a staggering story to tell about how he got sanctioned

Niels Troost has a staggering story to tell about how he got sanctioned

December 14, 2024
Private equity groups prepare to offload Ensemble Health for up to $12bn

Private equity groups prepare to offload Ensemble Health for up to $12bn

May 16, 2025
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
investingLive Americas FX news wrap: Core PCE in line, Alibaba develops new AI chips

investingLive European FX news wrap: UK 30yr yield jumps to a new cycle high

September 2, 2025
Japanese AI SaaS Startup LayerX Raises $100 Million In Series B

Japanese AI SaaS Startup LayerX Raises $100 Million In Series B

September 2, 2025
Bunni DEX Exploited for $2.3M After Liquidity Rebalancing Flaw

Bunni DEX Exploited for $2.3M After Liquidity Rebalancing Flaw

September 2, 2025
My favorite projector from Samsung doubles as a gaming hub, and it’s discounted for Labor Day

My favorite projector from Samsung doubles as a gaming hub, and it’s discounted for Labor Day

September 2, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today