A British man who gave up searching for a hard drive containing 8000 BTC plans to issue Ceiniog Coin, having previously aimed to issue coin for fundraising.

BlockBeats news, on August 5, a British man who gave up searching for a hard drive containing 8000 BTC in a landfill stated that he would tokenize the Bitcoin in his lost Wallet, converting it into 800 billion Ceiniog Coins (INI), locking the value of Satoshi at a 1:1 ratio. Ceiniog Coin will be built on Bitcoin; it will be implemented based on OPRETURN, integrated with Stacks, Runes, and Ordinals; and is set to launch by the end of 2025. On May 29, the man also mentioned that he would tokenize 21% of the lost 800 BTC Wallet into LTT Token, raising $75 million through multiple issuance tiers, with the issuance date during the TOKEN2049 Singapore conference on October 1. BlockBeats Note: This British man has announced twice that he will "tokenize" the Bitcoin he claims to own, raising doubts about the authenticity of the project and actual control over the Bitcoin, investors should be aware of the related risks.