A British man ready to buy the entire landfill in an attempt to recover $ 800 million in Bitcoin
After ten years of getting rid of a fixed drive containing approximately $ 800 million in Bitcoin, James Hugs is now considering an extremist procedure –Buy the plot completely where it was thrown.
Hugws, who spent years in fighting the Nioport City Council in Wales to obtain permission to search in Duwaywi Infel, announced his last plan on X.
I am thinking about buying the landfill site. Guaranteed financing.
“I am considering buying the landfill site. Warn financing,” was published on Thursday, reports from the media in the United Kingdom earlier in the week.
He did not specify his source of funding.
James Hugws has made $ 750 million in bitcoin a decade ago and has been trying to restore the hard drive from the waste dump since then. Today, a judge refused his last attempt to search through 110,000 tons of garbage for digital gold.
The British information technology worker initially lost the hard disk in 2013 while removing his home, mistakenly believing that he was empty.
By the time he realized his mistake, the bitcoin value began to rise.
It has now increased by about $ 9 million to nearly 800 million dollars, as the prices of encrypted currency increased.
Howells made multiple attempts to reach the waste dump, including offering more than $ 70 million to the local council in 2021 for permission to dig the site.
However, the Council has repeatedly denied its requests, pointing to environmental fears and high costs of drilling.
In January, the British Supreme Court judge refused the legal appeal against the council, and decided that he had no legal right to impose drilling.
Judge Andrew Kisser likened the situation by losing a piece of paper with a password written on it – without the private key record, the bitcoin coin is still unknown.
The Nioport City Council has not yet responded to the latest Hagws suggestion, but previously mentioned that the landfill is scheduled to be closed by the fiscal year 2025/26.
In 2021, the council indicated that excavation will not only violate its license permit, but it also poses major environmental risks.
Despite these obstacles, Howlls is still determined to restore his lost wealth – whether through negotiation, legal procedures or direct purchase of the same waste praise.
The British man appeared ready to buy the entire landfill in an attempt to recover 800 million dollars in Bitcoin for the first time on Invezz
