The biggest disaster in the world of cryptocurrencies! 🚨
A young man lost 8,000 Bitcoin due to "blind trust" in his girlfriend 💔.
Loss?
More than 840 million dollars! 😱
Here is the story and advice, follow the thread.
The name of the guy is James Howells.
The value of Bitcoin is 840 million dollars at a Bitcoin price of $105.
He does not know exactly where they are.
The government will not allow him to dig to search for the disk that his friend caused him to lose.
Here is the story of the biggest mistake in human history:
At the beginning of the emergence of #Bitcoin, the mining cost was low.
To the extent that many people used their computers to mine.
The person's name is James Howells.
- Profession: Engineer.
- Nationality: British.
He mined 8000 $Btc.
He then stored it on a disk in August 2013.
The disk ended up in the trash 🚶♂️🤦♂️.
When he realized that he made the biggest mistake.
He made several attempts to recover the disk.
For more than 10 years, he tried to convince the Newport City Council to grant him permission to search for his fortune in the trash 😂.
But he was prevented from searching by the municipality.
The city council based on the fact that the excavations and searches have a negative environmental impact on the city.
He assembled a team of experts that included a former senior employee at the landfill who knows where to search, for excavations and processing for 3 years at no cost to the city council.
James pledged to donate 10% of the value of the quantity if it is recovered, which means 800 Bitcoin, 84 million dollars.
However, his offer was rejected again 🤷♂️.
Having left him with few options, he sued the Newport City Council for 465 million pounds for ignoring his request for a decade.
The court session was held in December 2024.
And he did not come out with a solution or a release for the digging.
James still hopes to reach an agreement with the city council without a legal battle.
Stories like this remind us of the importance of protecting our digital assets.
Here are 3 ways to protect your money today:
I will mention it to you.
1- Keep the storage in cryptocurrency wallets.
If you are using a wallet or USB to keep your cryptocurrencies, make sure to keep it in a safe place.
2- Check your assets:
Check your coins often.
This thing helps you ensure your coins and investments.
3- Ensure the proper management of the private keywords for wallets:
Backing up private words/keywords carries a significant amount of risk.
Physical backups are susceptible to theft, damage, or loss, while digital storage can be hacked if not done properly.
