[U.S. Court Dismisses Prisoner's $354 Million Bitcoin Claim Case] The U.S. Federal Appeals Court on Tuesday dismissed a lawsuit by Florida man Michael Preme seeking to recover over $354 million worth of Bitcoin. Preme claimed the Bitcoin was stored on a hard drive that was destroyed when he was arrested in 2019, but the court ruled that his claim was filed too late and that his earlier statements contradicted his subsequent assertions. Preme had repeatedly stated that he owned almost no cryptocurrency, leading federal agents to conclude their search and destroy the device. Preme was sentenced to more than five years in prison in 2020.