UK High Court dismisses man's bid to recover $600 million in buried Bitcoin

pcgamer.com

A UK High Court has dismissed James Howells' lawsuit against Newport City Council for access to a landfill where he believes a hard drive containing $600 million in Bitcoin is buried. The judge ruled there were no reasonable grounds for the claim. Howells, who mined 7,500 Bitcoin in 2009, lost the hard drive in 2013 when it was thrown away. He has sought compensation and offered the council a share of the Bitcoin's value but has faced repeated rejections. The council argued that the hard drive became their property when it was discarded. They also highlighted environmental concerns about excavating the landfill, which contains over 1.4 million tonnes of waste.


With a significance score of 1.8, this news ranks in the top 27% of today's 28275 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: