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news-imageOctober 13, 2024

IT Engineer Files $647 Million Lawsuit Over Lost Bitcoin Hard Drive

A Newport-based IT engineer, James Howells, is suing the Newport City Council for £495 million (around $647 million) after inadvertently discarding a hard drive containing 8,000 Bitcoin during a home cleanout in 2013.
Publisher: Coinspress
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$380 Million Bitcoin Seized by Irish Authorities Stuck Due to Lost Password

Irish Criminal Assets Bureau (CAB) is grappling with a significant issue involving approximately €350 million, or around $383 million, in Bitcoin (BTC) that has been seized from a former drug dealer. This substantial cryptocurrency holding is currently stored across 12 separate wallets, and the agency has been unable to unlock these assets for over five years since their confiscation.

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