ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Decade After Ex-Wife Threw Away Hard Drive With Bitcoin Cache; Engineer Continues to Look For it

James has garnered support for his treasure hunt from a team of investors.
PUBLISHED APR 22, 2024
Cover Image Source: Bitcoin Drive | Unsplash | Photo by Michael Förtsch
Cover Image Source: Bitcoin Drive | Unsplash | Photo by Michael Förtsch

Bitcoin was first launched in 2009 by an elusive inventor going by the name Satoshi Nakamoto, but cryptocurrencies were soon forgotten only to resurface when the value of Bitcoin surged by 54%. It was this boom that turned cryptocurrency investors into overnight millionaires, and the forgotten digital assets in crypto-wallets became hot property.  But while many celebrated the rise of crypto, computer engineer James Howells was devastated when he discovered that his ex-partner had mistakenly discarded his cache of 8,000 bitcoins in an office trash bin back in 2013. Stored on a hard drive, James believes the device ultimately found its way to a landfill site in Newport, South Wales. Determined to recover his lost fortune, he has announced a staggering reward of $1.2 million for anyone who locates the missing hard drive.



 

Despite his fervent desire to reclaim his digital wealth, the man encountered numerous obstacles in his quest. Seeking permission to search the Newport Household Waste Recycling Centre, where the hard drive is presumed to be buried, James approached the council but returned empty-handed. 

"There's 24-hour security. Everyone who works here knows what's supposed to be buried in the landfills under the hills. But the other problem is, where would they start looking," the landfill worker shared. "The owner has visited the site many times but if it's here, it's under one of those two hills in the distance. He's adamant but no one can know for sure if it's here. Some of the stuff that arrives is sent off to incinerators," he added.

"Even if the council gave permission it would be like looking for a needle in a haystack. It would be impossible. Unless the computer stuff has some sort of homing device on it, there's just no way. The fella should just forget about it and move on," the worker added.

Pexels | Photo by Pixabay
Image Source: Pexels | Photo by Pixabay

James' once-disregarded hard drive, nestled within a single black bin bag, now holds the potential to unlock a staggering $567 million fortune.

"We have been contacted multiple times since 2013 about the possibility of retrieving a piece of IT hardware said to contain bitcoins, which may or may not be in our landfill site," Newport Council said. "The council has told Mr Howells multiple times that excavation is not possible under our environmental permit."

Residing in a modest home in Newport, James remains undeterred by bureaucratic roadblocks. Faced with the council's adamant stance, he now prepares to pursue legal recourse.

Image Source: Unsplash|Photo by Dmytro Demidko
Image Source: Unsplash | Photo by Dmytro Demidko

James' relentless pursuit of his lost fortune has led him to extraordinary lengths, which includes enlisting the expertise of NASA data specialists from Ontrack in 2021. Renowned for their feat in salvaging data from the battered hard drive of the Columbia space shuttle, which plummeted to Earth in 2003, Ontrack's involvement in the case has left many council members bemused by the peculiar turn of events.

"We have been very clear and consistent in our responses that we cannot assist Mr Howells in this matter. Our position has not changed. We will be offering no further comments on this issue as it takes up valuable officer time which could be spent on delivering services for the residents of Newport," the Newport Council said in a statement.

MORE ON MARKET REALIST
Senior editor Charles C.W. Cooke said the cap could destroy the GOP's chances in the midterms
7 hours ago
The proposed bill aims to tackle healthcare costs, and cut the federal deficit by $1 trillion.
10 hours ago
As ACA benefits expire, the president claimed his framework would reduce drug prices dramatically.
10 hours ago
Harvey could not believe that the contestant could say that with her family around.
12 hours ago
The family aced three Fast Money rounds in a row to cash out big
12 hours ago
The donors poured in millions to support the Trump affiliated super PAC MAGA Inc.
1 day ago
These reports come at a time when consumer sentiment seems to be improving.
1 day ago
The lawmakers called the probe 'coercive' demanding a congressional investigation into the DOJ.
1 day ago
The player bizarrely named "Jeopardy!" in a totally unrelated question.
1 day ago
Seacrest expressed that the player had no way of solving the puzzle with the clues on the board.
4 days ago
Harvey had to shut every contestant up who thought it was a good answer.
4 days ago
Citing affordability as the key issue, the president announced the cap will be rolled out on Jan 20.
4 days ago
The Jonassen family finally aced the Fast Money Round, after a wait of 43 years.
5 days ago
The CRFB estimates the plan would add $5.8 trillion to the national debt over a decade.
5 days ago
Big names like Costco, Reebok, Revlon, Ray Ban, and more have filed lawsuits seeking tariff refunds.
5 days ago
It is clear what Harvey thinks will be a popular gift at the bottom of the cereal box.
5 days ago
Analysts have shared their outlook on stocks that will be in focus for 2026.
6 days ago
Harvey thought that the answer had to be on the board, and he was surprised.
6 days ago
It's safe to say that Harvey didn't think people had the habit of tidying up in the morning.
6 days ago