After a decade of trying to get the Newport City Council to grant permission to dig up his lost Bitcoin, Howells is theatening legal action against the local authorities.
A Newport resident who accidentally disposed of a hard drive containing 8,000 Bitcoin is looking to file a lawsuit against the city’s local council for refusing to accept his request to dig up a landfill site for the lost crypto treasure.
“I’ve tried everything I can for 10 years, they didn’t want to play ball, so now we have to go down the legal route. There’s $500m sitting in the ground and they won’t even have a serious conversation about it. It doesn’t matter what that item is, whether it is Bitcoin, gold, or diamonds, to not even have the conversation is idiotic.”
However, the Newport City Council denied his requests, stating that the excavation move could harm the environment. In 2022, Howellsan $11 million search to the local authority that could take an estimated three years to complete. But the lawsuit will sue for damages worth $557 million , matching the value of the lost Bitcoin at the asset’s peak price, with Howells threatening to bankrupt the city council with the legal action. In addition, Howells is requesting a judicial review of the council’s decision to prevent him from accessing the landfill site for the past 10 years.
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