Man Loses Lawsuit to Recover Lost Bitcoin from UK Landfill
James Howells, a Welsh IT engineer from Newport who lost his Bitcoin hard drive in landfill in 2013, today lost his bid to recover his cryptocurrency by visiting the website.
The hard drive contains 8,000 Bitcoins mined in 2009 and currently worth more than $770 million. The judge dismissed the case, saying a full trial had “no realistic prospect of success.”
a series of unfortunate events
In 2013, Howells’ partner accidentally Abandoned laptop hard drive containing 8,000 Bitcoins A landfill site in Newport, Wales.
Recognize potential value Lost BitcoinHowells attempted to restore harddisk Proposed excavation of landfill. Along the way, Howells offered to fund the excavation process and Share 25% of recovered Bitcoins with the city council.
However, Newport City Council rejected his request, citing the high cost of excavation and potential environmental impacts. Howells has been trying for more than a decade, and Congress has repeatedly rejected his requests.
Today, Wales Circuit Commercial Judge Mr Justice Keizer dismissed James Howells’s claim to be allowed to excavate Newport landfill in search of the hard drive.
In his ruling, Judge Keyser said Howells had “no reasonable grounds” for bringing the claim and had “no realistic prospect of success” if the case went to full trial.
Reminder: The Story of Bitcoin Pizza Day
Howells’ misadventures bring to mind Bitcoin Pizza Day story. In May 2012, a man named Laszlo Hanyecz bought two pizzas From local pizza purveyor Papa John’s. Hanyecz decided to pay with Bitcoin instead of using cash or a credit card.
Hanyecz ended up paying 10,000 BTC for two slices of pizza, worth $41 at the time. He also had no idea that his pizza order would go down in history as the first recorded BTC transaction in the real world.
“I would buy a few pizzas for 10,000 Bitcoins… probably 2 large pizzas so I would have some left over to eat the next day,” Laszlo Hanyecz release on the Bitcoin Talk forum.
Today, the first transaction using Bitcoin is worth over $708 million. when Bitcoin crosses $100,000 mark By early December, the two pizzas will be worth more than $1 billion.
On the one hand, the story of Howells and Hanyates will be remembered as a shocking misfortune in the history of digital assets. On the other hand, they represent the growth of Bitcoin since its inception in 2009.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
