A decade after accidentally leaving a hard drive containing approximately $ 800 million in bitcoin, James Havals are now considering an extreme remedy-Buying the entire landfill where it was dumped,
Hells, who have spent years of year on the Newport City Council in Wales to permission to discover the Doksway landfill, announced their latest plan on X.
Considering buying a landfill site. Funding safe.
“I am considering buying a landfill site. Funding secured, “He posted on Thursday, resonating the report in the first week from the UK media.
He did not specify the source of his funding.
James Hells accidentally threw $ 750 million bitcoin a decade ago and has been trying to recover the hard drive from a landfill since then. Today, a judge has rejected its latest attempt to search through 110,000 tonnes of waste for his digital gold.
The British IT worker initially lost his house in 2013, losing the hard drive, accidentally believing that it was empty.
By the time he realized his error, the value of bitcoin began to touch the sky.
The price of about $ 9 million has now increased to about $ 800 million, as cryptocurrency prices have increased.
Havals have made several attempts to reach the landfill, including an offer of over $ 70 million to the local council in 2021 in exchange for permission to dig the site.
However, the council has repeatedly denied their requests, citing environmental concerns and high cost of excavation.
In January, a British High Court judge dismissed the legal challenge of the Havels against the council, deciding that they had no legal right to force them to excavate.
Judge Andrew Kesar compared a piece of paper losing a piece of paper with a password written on it – without a personal key records of the hard drive, bitcoin is inaccessible.
The Newport City Council has not yet responded to the latest proposal of Havals, but was earlier stated that the landfill is scheduled to close by 2025/26 financial year.
In 2021, the council stated that the excavation would not only violate its license permits, but will also keep important environmental risks.
Despite these obstacles, Havals are firm to regain their lost fate – whether by interaction, legal action, or lump sum of landfills.
Post British man is ready to buy full landfill in bid for recovery of $ 800m in bitcoin Appeared first Inhaze
