Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site

James Howellsengraved in history books Accidentally discarded Bitcoin (CRYPTO: BTC), which today is worth more than half a billion dollars, has taken a big step in redeeming it.

What happenedIn a latest effort, the Wales-based software engineer has sued Newport City Council for approximately £495.31 million, or about $647 million, in compensation for the repeated rejection of his request to excavate the landfill site containing the discarded hard drive. , which contains about 8,000 units of Bitcoin, e.g I mentioned By Wales Online.

Howells explained that the lawsuit is a strategy to convince the council to allow excavation at its landfill, and not a reflection of the actual situation.

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Howells assembled a team of specialists to carry out the excavation at no cost to the council. He also suggested giving the council 10% of the value of the recovered coins.

The case is scheduled for a hearing in December. However, Newport Council dismissed the claim as “weak” and expressed concerns about the potential environmental impacts of the proposed excavation.

Why does it matter?: the A strange case dating back to 2013 When Howells accidentally put a hard drive containing 8,000 bitcoins in the trash while cleaning out his office.

The compensation Howells sought was the highest valuation for the stash earlier this year when the leading cryptocurrency soared to a new all-time high.

As of this writing, 8,000 bitcoins are worth $514.37 million, with a market price of $64,296.34 per unit.

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This article The man who accidentally threw a hard drive containing 8,000 bitcoins worth half a billion dollars into a landfill is suing the local city council for not excavating the site. Originally appeared on Benzinga.com