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[SITUATION] · [QUIET] · [BUSINESS]

3 clusters · 9 sources · 9 days · First seen · Last updated

British investor Bitcoin recovery

Overview

A British investor, identified as Chris, has successfully recovered 61 Bitcoins that had been inaccessible since the collapse of the cryptocurrency exchange Intersango (formerly known as Britcoin).

Chris originally invested approximately £1,500 in 2011 when Bitcoin was priced at less than $4 per coin. Access to his funds was lost when Intersango ceased trading in late 2012 and its website went offline in early 2014, leading to the company’s liquidation in 2016. The recovered assets, now valued at approximately £3.33 million ($4.5 million), were reclaimed through legal negotiations facilitated by CEL Solicitors.

To achieve this recovery, lawyers utilized specialized transaction-tracking software to locate a wallet believed to contain holdings from former Intersango customers. The process required overcoming significant hurdles, specifically the necessity of gathering decade-old documentation, such as historical bank statements and legal records, to prove ownership. This case highlights the complexities of reclaiming digital assets from liquidated, unregulated platforms.

Entities

Intersango · CEL Solicitors · Chris · Bitcoin · Britcoin

Timeline

  1. 9 days ago

    [BUSINESS] 3 sources
    British investor recovers $4.5 million in lost Bitcoin

    A British investor has recovered 61 Bitcoin, worth approximately $4.5 million, after losing access to them 12 years ago following the collapse of the Intersango cryptocurrency exchange.

  2. 13 days ago

    [BUSINESS] 4 sources
    British man recovers £3.3 million in Bitcoin after 12 years

    A British man recovered £3.3 million in Bitcoin after 12 years. The funds were frozen in 2014 when the exchange Intersango went offline, but were retrieved following legal action in US courts.

  3. 17 days ago

    [BUSINESS] 2 sources
    Man recovers Bitcoin worth $5 million lost since 2014

    A man has recovered Bitcoin lost in 2014 after the Intersango trading platform went bust. The assets, once worth $5,400, are now valued at approximately $4.5 to $5 million.

Sources

brobible.com · coinpaper.com · cryptoast.fr · dexerto.com · economia.ig.com.br · journalducoin.com · kripto.media · newsbit.nl · techxeber.az

This summary has been updated 3 times: see revision history