Judge ends man’s 11-year quest to dig up landfill and recover $765M in bitcoin
A British judge ruled against a man who wants to excavate a landfill where he says a hard drive with access to thousands of bitcoins was mistakenly dumped over 11 years ago.
Since 2013, James Howells has been hoping to recover a laptop hard drive that he says contains the private key for cryptocurrency which he says he mined in 2009. We wrote about it at the time, noting that the value of a bitcoin had just passed $1,000, making 7,500 bitcoins worth $7.5 million.
The alleged number of bitcoins has changed a bit, with Howells now saying he lost 8,000 bitcoins. The bitcoin price exceeded $100,000 last month and was worth over $95,636 as of this writing, or $765 million for 8,000 bitcoins.
High Court Judge Keyser KC issued his ruling yesterday, siding with the defendant in Howells v. Newport City Council. Howells has no realistic chance of success at trial, the judge ruled. Howells sought "an order that the defendant either deliver the hard drive or allow his team of experts to excavate the landfill in order to find it, and (in the alternative) compensation equivalent to the value of the Bitcoin that he can no longer access."
The council said that excavating the landfill site would let harmful substances escape into the environment, endangering residents with "potentially serious risks which raises public health issues and environmental concerns," the ruling said.
