It’s not every day that someone mistakenly loses access to their hard drive Contains 7,500 BTC.That’s the case british fatherHe fought a long battle with Newport City Council to recover lost funds.
£1bn lawsuit to recover £275m worth of Bitcoin
Engineer James Howells plans to sue Newport City Council for £1 billion, admitting it could bankrupt the local authority. However, this was not Howells’ original intention and he said the lawsuit was just a “meaning” he wanted to use. Get his Bitcoin back.
Howells reveals Newport City Council has been steadfast in helping him recover his funds So far refusing to talk to him about helping him regain his hard drive. Interestingly, the report notes, given the committee’s “intransigence”, the matter has been going on for more than a decade with no end in sight..
In the past, the engineer has offered to share his lost Bitcoins with the committee if it would help him find the hard drive, but they still haven’t backed down. Howells hopes the lawsuit will get the council’s attention and draw them to the negotiating table to avoid bankruptcy.
If that doesn’t work, he will need a court to grant him an injunction to dig into the landfill where he believes his Bitcoin hard drive was thrown away. As part of the legal steps he is taking, Howells has reportedly hired a legal team, which has moved quickly.
Lawyers have written a letter of demand to the council asking for permission to search the site for the missing drive.
Bitcoinist reports that Howell’s Bitcoin hard drive was accidentally thrown away During the 2014 office cleanup. The drive was mixed in with other items his ex-girlfriend had thrown into the dump. Computer engineers believe the hard drive is located at Newport Gwent landfill.
Howells argued that he was not the one to bin the driveway and that the council should recognize this and lend a “helping hand”. However, the council claimed the engineers lost ownership of the drive when it was dumped.
Even if Howells succeeds in his claims, his job will still be difficult.Even with X-ray scanners and artificial intelligence technology, landfill searches take nine to 12 months. However, the engineer knew exactly where to look, as he mentioned that he had studied aerial photos of the location.
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