#UK court halts treasure hunt plan#
Hot Topic Overview
Overview
A UK court has rejected an IT engineer's application to search a landfill for $735 million worth of Bitcoin. James Howells accidentally discarded a hard drive containing the Bitcoin in 2013 and wanted to search the landfill for it. However, Judge Keyser KC ruled that the plan posed environmental risks and had "no realistic prospect of success" at trial, thus rejecting the application. Newport City Council has consistently refused access to the landfill, citing concerns about environmental pollution from excavation.
Ace Hot Topic Analysis
Analysis
A UK court has dismissed IT engineer James Howells' application to search a landfill for a hard drive containing $735 million worth of Bitcoin, citing environmental risks. Howells accidentally discarded the hard drive containing the Bitcoin in 2013 and has been trying to persuade Newport City Council to allow him access to the landfill to excavate. However, the council has consistently refused, arguing that excavation would cause irreversible damage to the environment. Judge Keyser KC ruled that the case had "no realistic prospect of success at trial" and therefore dismissed Howells' application. The incident has sparked debate about the security of digital assets and environmental protection, and serves as a reminder to exercise extreme caution when handling digital assets to avoid similar losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Finding a Bitcoin hard drive poses environmental risks, the court believes the case has no realistic chance of success.
Newport City Council refused to enter the landfill to search, citing environmental risks.
James Howells attempted to recover a $7.35 billion Bitcoin hard drive, but the court dismissed his application.
The case involves a hard drive accidentally discarded in 2013, when Bitcoin mining cost only a few cents.