Owner of 8K bitcoin lost in landfill threatens to bankrupt local council
A Welsh bitcoin investor who accidentally lost 8,000 bitcoin a decade ago after throwing the hard drive into the trash is now threatening to sue the local council overseeing the landfill it’s in and potentially bankrupt them, as he seeks to win $557 million in legal fees. Newport City Council (NCC) has repeatedly said no to James Howells’ request to dig up the landfill and search for his bitcoin. However, as reported by the Telegraph, Howells is preparing to sue the council and stop them from carrying out other works on the site. The proposed lawsuit aims to secure £446 million ($557 million) in damages, a value that matches the highest recorded price of his lost bitcoin. By asking for this amount, Howells is threatening to bankrupt NCC, saying that the recently declared bankrupt Birmingham City Council would “not be the only Labour-run council to go bankrupt” this year. “I’ve tried everything I can for 10 years, they didn’t want to play ball, so now we have to go down...