A federal appellate court rejected a Florida man’s bid to force the government to repay him $345 million, ruling that he waited too long to claim the nearly 3,443 bitcoin on a hard drive he said was seized during his arrest and was later destroyed.

A federal appellate court rejected a Florida man’s bid to force the government to repay him $345 million, ruling that he waited too long to claim the nearly 3,443 bitcoin on a hard drive he said was seized during his arrest and was later destroyed.