British man recovers 61 Bitcoin worth £3.3 million after 12 years

  • Chris recovered 61 BTC after losing access when Intersango collapsed in 2014.
  • The recovered holdings are worth roughly £3.3 million after a £1,500 investment.
  • CEL Solicitors settled the claim on May 28 after preparing documents for US courts.

A British investor identified as Chris has recovered 61 Bitcoin worth roughly £3.3 million after losing access to the holdings for more than 12 years following the collapse of UK exchange Intersango. He invested £1,500 in 2011, when Bitcoin traded at £2.94, and the holdings were worth about £4,000 when access was lost. CEL Solicitors recovered the full amount after Chris supplied historical bank statements, emails and exchange records proving ownership. He instructed the firm in January, and the claim was settled on May 28 through negotiations involving documents prepared for US courts. Intersango, formerly known as Britcoin, went offline in early 2014 after operating problems, leaving customers unable to withdraw their funds. More than 5,500 BTC may still be connected to former Intersango users, although each claimant must establish ownership. Chris has transferred the recovered Bitcoin to an FCA-regulated platform but remains concerned about security and plans to keep some coins while converting part of the holdings into cash.

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