#UK court halts treasure hunt plan#
Hot Topic Overview
Overview
A UK court has recently halted a plan to search a landfill for $750 million worth of Bitcoin. The plan was proposed by James Howells, an IT engineer from Newport, Wales, who accidentally discarded a hard drive in 2013 that contained Bitcoin he mined in 2009. Howells has been trying to persuade Newport City Council to allow him access to the landfill to search for the hard drive, but the council has consistently refused, citing environmental risks. Judge Keyser KC ultimately dismissed Howells' application, ruling that the case had "no realistic prospect of success" at trial.
Ace Hot Topic Analysis
Analysis
A UK court has dismissed an application by IT engineer James Howells to search a landfill for a hard drive containing $735 million worth of Bitcoin, citing excessive environmental risks. Howells accidentally discarded the hard drive in 2013, which contained Bitcoin he mined in 2009 for just a few cents. Despite Howells presenting a detailed plan involving robots and sifting technology to locate the drive, Newport City Council has consistently refused access to the landfill, citing environmental risks. Judge Keyser KC dismissed Howells' application, finding the case "had no realistic prospect of success" at trial. The incident has once again raised concerns about the security of digital assets and serves as a reminder to exercise extreme caution when handling important data.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The plan to find the bitcoins posed environmental risks and was therefore halted by the court.
The court believes that the case has "no realistic chance of success" in trial.
Newport City Council has consistently refused to enter the landfill, making it impossible to search.
The hard drive contains $735 million worth of bitcoins, which were accidentally discarded in 2013.