Summary:
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Lost Fortune
James Howell is suing Newport town council for $647 million after his partner accidentally disposed of a hard drive containing approximately 8,000 bitcoins in 2013. -
Long-Term Quest
For a decade, Howell has urged the council to excavate the landfill to recover the drive, which has since gained immense value due to the rising price of bitcoin. -
Proposed Excavation
Howell believes there is an 80% chance of retrieving the coins from the hard drive and has offered the council 10% of the recovered bitcoin, equating to $65 million. -
Council’s Rejection
The Newport council has repeatedly denied his requests, citing environmental concerns and regulatory limitations that prevent excavation activities at the landfill. -
Legal Action
Frustrated by the council’s refusal, Howell’s lawsuit aims to compel the town to allow him to dig through years of trash in pursuit of his lost digital fortune.
Read more at: Vice