$BTC
Welsh man James Howells, who accidentally threw away his cold wallet containing thousands of Bitcoins in 2013 and has been searching for his hard drive ever since, has finally given up. In a statement, Howells stated that he will launch a Layer 2 project on the Bitcoin network and one day purchase the land where the city dump once stood.
For years, he searched for the cold wallet containing his #BTC , appealed to the municipality, received no permission, refused, spoke to the media, and made repeated official requests… But to no avail. Welsh citizen James Howells has given up searching for the nearly 8,000 Bitcoins he lost after 12 years.
Launching Layer-2 Project
$BTC , worth over $920 million today, is currently buried at the bottom of a municipal dump in Newport, Wales. The municipality has rejected search requests for years due to the potential chemical threat. Howells's numerous letters in recent years have gone unanswered. He has now abandoned the search and decided to launch a second-layer Bitcoin project.
This weekend, Howells announced that he has completely abandoned all search efforts and will launch a second-layer Bitcoin project called Ceiniog. The pre-sale of Ceiniog, the name of a medieval Welsh currency, is planned for the end of the year
