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A man's decades-long fight for his recovery £600m Bitcoin Fortune (about $750M) has been suspended by a judge
James Howells, 39, of Newport, Wales, launched a legal case in 2013 after losing his Bitcoin hard drive in a landfill. BBC reported.
Since his misfortune, Howells has offered to fully fund the mining process and share 25% of the recovered bitcoins with Newport City Council.
However, the city rejected his request, starting a decade-long saga in an attempt to recover his lost cryptocurrency.
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Bitcoin, the world's largest cryptocurrency, has been gaining in value since the US election, reaching $89,637 at 8am today. (Photo image by Chesnot/Getty Images/Getty Images)
On Thursday, the outlet reported, Circuit Commercial Judge Judge Kiser of Wales dismissed the Howells' lawsuit seeking permission to dig.
In his ruling, Kizer said Howells had “no reasonable basis” to bring the claim and had “no realistic prospect” of success if the case proceeded. A full trial.
“I consider that the particulars of claim do not show any reasonable cause for bringing this suit. I also consider that the claim would have no realistic prospect of success if it went to trial and there is no other compelling reason why it should. Disposed of at trial,” he said.
Cryptocurrency is represented in this photo taken in Krakow, Poland on November 14, 2022. (Jakub Porzycki/NurPhoto via Getty Images/Getty Images)
The judge said he accepted the council's argument that it was proprietary hard drive And Howells wasn't having it.
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“In my judgment, the defendant's [the council’s] The reasoning is sound and provides full answers to the claims,” he said.
A presentation of Bitcoin is seen in this photo taken on June 23, 2017. (Benoit Tessier/File Photo/Reuters Photo)
Howells told the British outlet he was “very upset” about the ruling, saying it felt like a “kick in the teeth”.
“The case disposed of during the preliminary hearing does not give me an opportunity to explain myself or justice in any shape or form,” he said. “There was a lot more that could be explained in a full trial and that's what I was hoping for.”
He added that he “has been trying to engage with Newport City Council in every way humanly possible for the last 12 years.”
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“It's not about greed, I'm happy to share the income, but no one in a position of power will have a decent conversation with me,” he said.
“This verdict took everything away from me and gave me nothing,” he said. “It is great british The unfair system strikes again.”