Remember That Guy That Lost A Flashdrive With 8,000 BTC? Here’s What He’s Up To Now
September 11 2023 - 12:00PM
NEWSBTC
James Howells, a Welsh Bitcoin investor and the man who
inadvertently lost $557 million worth of BTC in a flash drive is
seeking to file a lawsuit against Newport City Council (NCC) in the
United Kingdom for refusing his requests to excavate the area he
presumed he misplaced the hard drive. Howells Threatens Legal
Action Against NCC After 10 years of searching for the elusive
flash drive carrying a fortune of 8,000 BTC, Howells has taken an
aggressive approach to his hunt and threatened the NCC with proper
legal action that may see the council firmly bankrupt if the court
rules in favor of Howells. Related Reading: Shiba Inu Community
Sounds Warning Alarm As Scammers Siege Shibarium The NCC is a
single-tier unitary authority that oversees the administration of
all areas in Newport, one of the principal areas in Wales. Howells
has been in contact with the council over the years, requesting
permission to undergo a landfill excavation in the area that
supposedly harbors the flash drive. Howells claims that he
has raised sufficient funds to propel the excavation work and only
needed the council to give the go-ahead. However, the NCC has been
adamant about its rejection despite Howells’ funding claims.
The council has consistently declined Howells’ requests for a
landfill excavation, with reasons of environmental concerns and
prioritizing working officers’ time who ensure the safety and
well-being of Newport residents. “In the current environment,
we cannot justify wasting officers’ valuable time providing
services to the residents of Newport,” a council spokesperson
stated. In response to the multiple rejections, Howells has
stated that he would sue the council for damages worth $557
million. He has submitted a letter to the council, demanding a
concession to perform a landfill excavation on Monday, September
18. Following a failure to adhere to the ultimatum, Howells
has requested a judicial review to evaluate the legitimacy of the
council’s judgment to reject his Bitcoin recovery efforts. Bitcoin
price struggles below $26,000 | Source: BTCUSD on Tradingview.com
NCC Can Keep 10% Of Recovered BTC In an attempt to influence the
decision of the NCC regarding the landfill excavation work, Howells
has promised to deliver 10% of the total Bitcoin funds recovered.
He has stated that he will use the funds to transform Newport into
a “crypto-mecha.” The Welsh crypto investor also offered to
provide 50 Euros to all Newport residents and facilitate the
implementation of crypto terminals in local shops. Related
Reading: Crypto Analyst Presents Bull Case For XRP Price To Hit
$130, Here’s When Howells has been vigorously trying to recover his
8,000 BTC since 2013. With Bitcoin’s price over 1,000 times the
value it was in 2013, the Welsh investor is desperate to locate the
flash drive containing his potential fortune. He has
expressed his frustration and determination with the NCC’s
rejections, stating “I’ve tried everything possible for 10 years;
they didn’t want to play ball, so now we have to take the legal
route.” Featured image from Medium, chart from Tradingview.com
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