UK Court Rejects Bitcoin Recovery Claim, Upholding Environmental Concerns
by aria-crypto.com
January 10, 2025 at 12:11
UK Court Rejects Bitcoin Recovery Claim, Upholding Environmental Concerns
James Howells, an IT engineer, has failed to persuade a UK court to let him retrieve a mistakenly disposed hard drive containing 8,000 Bitcoins, now worth about $750 million, from a Newport landfill. The hard drive was thrown away during an office cleanup in 2013. Despite offering the Newport City Council a substantial share of the recovered value, his repeated attempts for excavation faced rejection over environmental damage concerns. Judge Keyser KC of the Circuit Commercial Court in Wales ruled against Howells, stating the case had "no realistic prospect" of success, emphasizing the council's environmental obligations. Howells, who mined the Bitcoin in 2009, expressed his devastation by claiming the "great British injustice system" had failed him once more. Despite the setback, he hinted at potential future efforts to tokenize the inaccessible Bitcoin, viewing the landfill as a secure vault. His quest over nearly a decade underscores the unpredictable impact of Bitcoin's soaring value and the complex interplay between tech advancements and environmental regulations.
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