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A man’s decade-long battle to reclaim his £600 million (nearly $750 million) bitcoin fortune has been halted by a judge.
James Howells, 39, took legal action after losing his Bitcoin hard drive in a landfill in 2013 in Newport, Wales. the BBC reported.
Since his misfortune, Howells has offered to fully fund the excavation process and share 25% of the recovered Bitcoin with Newport City Council.
However, the city rejected his request, beginning a decade-long saga to try to recover his lost cryptocurrency.
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Bitcoin, the world’s largest cryptocurrency, has risen in value since the US election, hitting $89,637 as of 8am this morning. (Photo illustration by Chesnot/Getty Images / Getty Images)
On Thursday, the outlet reported, Wales Circuit Commercial Judge Judge Keyser dismissed Howells’ suit seeking permission to search.
In his ruling, Keyser said Howells had “no reasonable grounds” to file suit and that there was “no realistic prospect” of success if the case proceeded to a full trial.
“I find that the particulars of the complaint do not show any reasonable grounds for taking this action. I also find that the complaint would have no realistic chance of success if brought before a court and there is no “There is no other compelling reason why it should be resolved at trial,” he said.
The representation of cryptocurrencies is seen in this illustrative photo taken in Krakow, Poland, on November 14, 2022. (Jakub Porzycki/NurPhoto via Getty Images / Getty Images)
The judge said he accepted the board’s argument that he owned the hard drive and Howells was not entitled to it.
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“In my opinion, the defendant [the council’s] The argument is correct and fully addresses the allegations,” he said.
A representation of Bitcoin is visible in an illustrative photo taken on June 23, 2017. (Benoit Tessier/Archive photo / Reuters photos)
Howells told the British outlet he was “very upset” by the decision, saying it felt like a “kick in the teeth.”
“The case having been struck out at the first hearing does not even give me an opportunity to explain myself or an opportunity to get justice in any form,” he said. “There was so much more that could have been explained in a full trial and that’s what I expected.”
He added that he had “tried to engage with Newport City Council in every way humanly possible over the past 12 years”.
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“It’s not about greed, I’m happy to share the profits, but no one in a position of power will have a decent conversation with me,” he said.
“This decision took everything from me and left me with nothing,” he said. “It’s the great British system of injustice that strikes again.”
