An IT engineer from Newport, Wales hasn’t given up on his discarded Bitcoin fortune yet. Now he’s pursuing legal means as a last-resort effort for digging through mountains of trash to find his lost stash.

As reported by Wales Online, James Howells is now suing Newport council over local landfill access, claiming £495 million in damages—the peak value of his lost Bitcoin. Somewhere within the facility, alongside tons of rubbish, he believes his Satoshi-era coins can still be recovered.

One man’s trash can be another man’s treasure. But in this case, Howell’s hard drive, discarded in August 2013, represents what is currently a £401 million ($524 million) headache that’s growing more painful with time.

When Howells’ partner mistakenly discarded 8,000 Bitcoin over a decade ago, the asset traded hands for around $130. Now it’s trading for nearly $66,000 a coin.

Offering Newport council 10% of the value recouped from an organized dig, which would reportedly cost around £10 million, Howells’ repeated efforts have been rebuffed. While the dig wouldn’t cost the council anything, Howells said his efforts have been “largely ignored,” with the impasse now head

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Author: André Beganski