{"id":6404,"date":"2025-08-07T18:13:12","date_gmt":"2025-08-07T18:13:12","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/man-who-threw-away-1-billion-in-bitcoin-debunks-rumors-heres-the-progress\/"},"modified":"2025-08-07T18:13:12","modified_gmt":"2025-08-07T18:13:12","slug":"man-who-threw-away-1-billion-in-bitcoin-debunks-rumors-heres-the-progress","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/man-who-threw-away-1-billion-in-bitcoin-debunks-rumors-heres-the-progress\/","title":{"rendered":"Man Who Threw Away $1 Billion In Bitcoin Debunks Rumors, Here\u2019s The Progress"},"content":{"rendered":"

James Howells, the British man who famously lost access to 8,000 Bitcoin in a 2013 landfill accident, is setting the record straight. Taking to X (formerly Twitter), Howells pushed back<\/a> against recent social media claims that he has abandoned his search. He firmly denied the rumors and revealed a new strategy to reclaim his lost fortune, now worth roughly $923 million. Although he\u2019s no longer seeking permission from his local council to search the landfill, he\u2019s far from done.\u00a0<\/p>\n

Howells Debunks Rumors, Plans To Turn His Lost $1 Billion In Bitcoin Into Ceiniog Coin<\/h2>\n

In the post shared on X, Howells confirmed he has not given up and slammed years of rejection from Newport City Council.<\/a> For over a decade, he says he tried public proposals, legal talks, mediation, and even offered over $30 million to recover the drive buried in the landfill. \u201c$1 billion and they ignored it all,\u201d he wrote. With no response from the council, he has decided to stop waiting.<\/p>\n

Instead of continuing legal fights or making more offers, Howells announced a new plan: to tokenize the entire wallet of 8,000 BTC into a new cryptocurrency called Ceiniog Coin (INI). Named after an ancient Welsh coin, Ceiniog will act as a Layer 2 token built on Bitcoin, matching 1:1 with satoshis, the smallest unit of Bitcoin. <\/a>He plans to create 800 billion INI tokens, each directly linked to the 8,000 BTC sitting on the lost drive<\/a>.<\/p>\n

According to Howells, Ceiniog will launch in late 2025, powered by Bitcoin\u2019s OP_RETURN functionality. It will integrate with Web3 projects like Stacks, Runes, and Ordinals. With the ICO planned later this year, Howells hopes the coin\u2019s market value will eventually match that of the lost BTC, making him a theoretical billionaire, just 8.34% away from that goal based on current prices.<\/p>\n

How He Lost The Bitcoin And What He\u2019s Done To Get It Back<\/h2>\n

The saga began in 2013, when James Howells, a British IT professional, trying to recover it.<\/p>\n

He submitted detailed recovery proposals, including environmental clean-up plans and AI-powered landfill scans. He even offered to raise $75 million by selling 21% of the Bitcoin\u2019s value to fund the excavation. His most recent formal offer in July 2025, worth between $33 million and $40 million, included a full purchase of the landfill and a cleanup strategy. Citing environmental risks and lack of confidence in the outcome, the Newport City Council rejected the plan.<\/p>\n

Now, instead of digging through landfill waste, Howells is building Ceiniog Coin as his way of reclaiming what he believes is rightfully his. He plans to debut the coin at a discount, letting early supporters buy in before the coin reaches its full value. Over time, he hopes the token\u2019s value will naturally rise to reflect the worth of 8,000 Bitcoin<\/a>.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

James Howells, the British man who famously lost access to 8,000 Bitcoin in a 2013 landfill accident, is setting the record straight. Taking to X (formerly Twitter), Howells pushed back against recent social media claims that he has abandoned his search. He firmly denied the rumors and revealed a new strategy to reclaim his lost…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,55,69,61,120,121,70,62],"class_list":["post-6404","post","type-post","status-publish","format-standard","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6404"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6404\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}