James Howells Sues Newport Council Over Bitcoin
James Howells Sues Newport Council Over Bitcoin

James Howells Sues Newport Council Over Bitcoin

News summary

James Howells, 39, is suing Newport City Council to recover a hard drive containing the password to his lost Bitcoin fortune, which is currently valued at £569 million. The hard drive was mistakenly thrown away by his then-partner in 2013, and since then, Howells has spent years seeking permission to excavate a landfill where it is believed to be located. A court hearing regarding the council's application to dismiss the case is scheduled for December 3. Howells asserts ownership of the digital property and has pledged to donate 10% of any recovered funds to benefit the local community. He believes that if successful, Newport could transform into a thriving hub akin to 'Dubai or Las Vegas'. Despite his efforts, the council has been resistant to discussions about the excavation.

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