David Tilley, 54, had his account frozen by the online auction site after placing the bid to scupper the sale.

Live 8 organiser Bob Geldof had called on people to place "impossible bids".

The site later decided to withdraw the ticket listings. A spokeswoman for eBay said they had not reinstated everyone whose accounts were suspended.

They insist that anyone who deliberately places a high bid breaks eBay rules, regardless of the reason.

A spokeswoman for eBay said Mr Tilley's case must have been considered on an individual basis for his account to be unlocked.

Mr Tilley, 54, said he placed a £10m because he was annoyed at eBay for allowing the tickets to be auctioned.

"I have never had any problems with eBay in the past, but this seriously got up my nose," he said.

"To me, the selling of the Live 8 tickets was on a par with trying to sell your mother's eyesight.

"As far as I'm concerned, eBay should put their hands up to this and reinstate everyone."

'Malicious' bidding

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Scores of pairs of tickets for the 2 July concert - featuring acts like U2 and Coldplay - went up on eBay within hours of the text competition ending on Sunday night.

The site insisted the reselling of charity concert tickets was not illegal under UK law, and would allow them to be sold, but later changed their minds.

Geldof had launched an attack on the site and the sellers, calling it "sick profiteering".

In a statement eBay said: "We have no plans to make exceptions for hoax bidders on Live 8 ticket listings.

"We do not condone the behaviour of the small number of individuals who have expressed their views by maliciously bidding on ticket auctions and threatening the stability and security of the eBay marketplace.

"In accordance with eBay's site rules, once an individual places a bid on an item, it acts as a binding contract and the individual is obliged to honour it."