Man Who Threw Away $1 Billion In Bitcoin Debunks Rumors, Here’s The Progress

1 week ago

James Howells, the British antheral who famously mislaid access to 8,000 Bitcoin successful a 2013 landfill accident, is mounting the grounds straight. Taking to X (formerly Twitter), Howells pushed back against caller societal media claims that helium has abandoned his search. He firmly denied the rumors and revealed a caller strategy to reclaim his mislaid fortune, present worthy astir $923 million. Although he’s nary longer seeking support from his section assembly to hunt the landfill, he’s acold from done.

Howells Debunks Rumors, Plans To Turn His Lost $1 Billion In Bitcoin Into Ceiniog Coin

In the station shared connected X, Howells confirmed helium has not fixed up and slammed years of rejection from Newport City Council. For implicit a decade, helium says helium tried nationalist proposals, ineligible talks, mediation, and adjacent offered implicit $30 cardinal to retrieve the thrust buried successful the landfill. “$1 cardinal and they ignored it all,” helium wrote. With nary effect from the council, helium has decided to halt waiting.

Instead of continuing ineligible fights oregon making much offers, Howells announced a caller plan: to tokenize the full wallet of 8,000 BTC into a caller cryptocurrency called Ceiniog Coin (INI). Named aft an past Welsh coin, Ceiniog volition enactment arsenic a Layer 2 token built connected Bitcoin, matching 1:1 with satoshis, the smallest portion of Bitcoin. He plans to make 800 cardinal INI tokens, each straight linked to the 8,000 BTC sitting connected the mislaid drive.

According to Howells, Ceiniog volition motorboat successful precocious 2025, powered by Bitcoin’s OP_RETURN functionality. It volition integrate with Web3 projects similar Stacks, Runes, and Ordinals. With the ICO planned aboriginal this year, Howells hopes the coin’s marketplace worth volition yet lucifer that of the mislaid BTC, making him a theoretical billionaire, conscionable 8.34% distant from that extremity based connected current prices.

How He Lost The Bitcoin And What He’s Done To Get It Back

The saga began successful 2013, erstwhile James Howells, a British IT professional, accidentally threw out a hard thrust that contained the keys to 8,000 BTC, present worthy astir a cardinal dollars. Realizing the mistake excessively late, Howells spent the adjacent 12 years trying to retrieve it.

He submitted elaborate betterment proposals, including biology clean-up plans and AI-powered landfill scans. He adjacent offered to rise $75 cardinal by selling 21% of the Bitcoin’s worth to money the excavation. His astir caller ceremonial connection successful July 2025, worthy betwixt $33 cardinal and $40 million, included a afloat acquisition of the landfill and a cleanup strategy. Citing biology risks and deficiency of assurance successful the outcome, the Newport City Council rejected the plan.

Now, alternatively of digging done landfill waste, Howells is gathering Ceiniog Coin arsenic his mode of reclaiming what helium believes is rightfully his. He plans to debut the coin astatine a discount, letting aboriginal supporters bargain successful earlier the coin reaches its afloat value. Over time, helium hopes the token’s worth volition people emergence to bespeak the worthy of 8,000 Bitcoin.