British Man Sues Local Council Over Lost $527 Million Bitcoin Hard Drive

Reported about 2 months ago

A British man, James Howells, is suing a local council in Wales for the retrieval of a hard drive containing 8,000 Bitcoins, which he accidentally discarded in 2013. Initially worth around $1 million, the Bitcoins have surged in value to approximately $527 million today. Despite numerous requests to excavate the landfill where the hard drive ended up, the council has denied permission, citing environmental concerns. Howell's lawsuit seeks £495 million ($646 million) in damages and he hopes to negotiate an excavation without a prolonged legal battle.

Source: YAHOO

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