James Howells has been trying to recover a hard disk containing his lost fortune in Bitcoins for 12 years. The computer engineer from Wales maintained that the computer that was to throw his partner was on the garbage dump in Newport.
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For over a decade, the British constantly searched the garbage dump in the hope that he would be able to find a hard disk on which 8,000 bitcoins were to be deposited. Their current value is about $ 920 million.
In 2013, Howells was to mistakenly get rid of the device when cleaning the house. In time, stored on the bitcoin disk were valued at around $ 63 million. The seeker thought that the equipment was buried deep at the garbage dump in Newport.
For 12 years, the man tried many ways to find his lost fortune. At the beginning of 2025, Howells tried to sue the city council to access the dump or get $ 620 million. compensation, but his case was dismissed by a judge. Another time, the engineer wanted to buy the entire landfill, as in the budget year 2025-2026 it was to be closed and transformed into a photovoltaic farm.
James Howells finishes disk search. New plan for $ 920 million
At the beginning of July, James Howells announced in social media that he no longer intends to continue searching for a garbage dump in Newport. Contrary to what could be spent at first glance, the British does not give up recovering the money that is to be still deposited on the disk. Howells said he decided on a new strategy, consisting in tokenization of his legal property rights.
The seeker, according to the “The Block” website, announces the tokenization of the entire portfolio: 800 billion Ceiniog Coin (Ini), which correspond to “1: 1 Satoshi” and which were “built on Bitcoin”.
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What does this mean in practice? As Bithub.pl explains, “Howells releases its own meme cryptocurrency, in which the legend about Bitcoins missing is enchanted.” In theory, the owner ensures that his INI tokens will be interchangeable with BTC (Satoshi) mini units.
The disk itself is practically impossible to recover. In addition Officials stated in one of the previous decisions that the equipment officially became the property of the city council. In practice, the British decision means that he tries to earn on the whole matter. The more that he chose the name “Ceiniog”, which is a historic Welsh monetary unit. Howells announced that the premiere of his “currency” is to take place in December 2025.
