UK investor recovers $4.5 million in Bitcoin after about 14 years

  • Chris recovered Bitcoin lost after Britcoin and Intersango stopped operating.
  • Bitcoin traded below $4 when Chris invested approximately £1,500 in December 2011.
  • CEL Solicitors traced wallets containing more than 5,500 BTC linked to former customers.

A British investor identified as Chris has recovered Bitcoin now worth about $4.5 million after losing access to the assets for roughly 14 years. He bought about £1,500 of Bitcoin in December 2011 through Britcoin, an early U.K. exchange that later became Intersango, when Bitcoin traded below $4. The platform suspended pound and dollar trading in late 2012, became inaccessible by early 2014 and was formally dissolved in March 2016. CEL Solicitors and its sister company, The Crypto Tracing Experts, traced wallets linked to former users and identified one containing more than 5,500 BTC. Chris proved ownership using historical bank records and other documents, with the firm also handling paperwork connected to a U.S. court. CEL said other former users may be able to recover assets if they can provide records such as exchange emails, the account email address or bank transfers. Chris plans to use part of the recovery to help repay a loan on his son’s house and improve his family’s housing situation, while retaining some Bitcoin.

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