James Howells Sues Council Over $760 Million Bitcoin Fortune as Ex Admits to Throwing Wallet Away

As much as cold wallets are considered the safest form of crypto storage, there are still risks attached to them. One of the more obvious ones is that if you lose your physical wallet, there is no getting the tokens back. This is a lesson that a British man named James Howells has had to learn in the worst way.

Howells is currently suing the Newport Council for denying his request to excavate a landfill in search of his crypto wallet that has been missing for years.

Bitcoin Through the Years
Howells’ crypto wallet first went missing in X, and since then, Bitcoin’s progress has been nothing short of remarkable. This year alone, it was approved for a spot ETF in the United States and crossed the $100,000 price point.

It has also become more widely used in a host of industries such as gambling. While fiat was the most popular way to place wagers, crypto has become immensely popular in the last few years. A lot of this boils down to the extra profit that players can make if their tokens increase in value. Then there is the issue of privacy; gambling on a traditional casino is quite demanding in terms of personal details; customers have to provide their government name, ID, and other sensitive details.