The UK court dismissed James Howells’ lawsuit against Newport City Council. The issue revolves around a lost hard drive containing approximately 7,500 BTC valued at over 700 million USD. Howells aimed to search a landfill site for it. However, Judge Keyser KC stated the lawsuit had no realistic prospect of winning.

Newport City Council claims ownership of the lost hard drive, strengthening their case. Although Howells planned to donate 10% of the recovered BTC to the council, Judge Keyser agreed with the council’s position, giving a decisive response in their favor. The case continues to gain media attention as crypto prices rise.