British man accidentally threw $280 million worth of Bitcoin (BTC)
Business ı By Rochdi Rais
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Howells to donate 20% of his Bitcoin
In response, Howells offered to donate $70.8 million of the BTC to a “Covid Relief Fund” — if the local council grants him permission to search the landfill for his hard drive. Nevertheless, the Newport City Council rejected his request, and said it's impossible due to “environmental and funding concerns”. Howell said, “As far as I am aware they have already rejected the offer without even having heard our plan of action or without being given a chance to present our mitigations to their concerns regarding the environment, it’s just a straight-up ‘no’ every time.” A spokesperson for the council told CNBC, “ We have been contacted several times since 2013 about the possibility of retrieving a piece of IT hardware said to contain bitcoins, the first being “several months” after Howells first realized the drive had gone missing. " "The cost of digging up the landfill, storing and treating the waste could run into millions of pounds - without any guarantee of either finding it or it still being in working order." He added. Howells is not the only BTC owner who lost his BTC fortune. Approximately $140 billion worth of Bitcoin is lost or inaccessible to investors due to forgetting private keys and passwords. Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it. Want to contribute a story? We also accept article submissions – check out our writer’s guidelines here.
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