The breakthrough came after Chris engaged CEL Solicitors to navigate complex legal proceedings in the United States. While the exchange had ceased operations in 2014, leaving thousands of users without access to their funds, legal teams were able to aggregate historical bank statements, emails, and exchange records to establish clear ownership. The case was resolved through out-of-court negotiations rather than a formal judicial ruling, marking a rare success for victims of early, unregulated cryptocurrency platforms.
In section Cryptocurrency
British Investor Recovers £3.3M in Bitcoin Lost for Twelve Years
After watching his initial £1,500 investment vanish into the collapse of the Intersango exchange, a British man known as Chris has successfully reclaimed 61 Bitcoin. The recovery, valued at approximately £3.3 million, concludes over a decade of uncertainty for the investor who had long since written off the assets as lost.
Legal experts suggest this victory could pave the way for other former Intersango clients. Estimates indicate that roughly 5,500 BTC, currently valued at approximately £500 million, remain tied to the defunct exchange. Ryan Sweetnam, director of financial litigation at CEL Solicitors, confirmed that one of the platform's founders admitted during separate legal disputes that these assets still exist. For potential claimants, the path to recovery remains arduous, requiring meticulous documentation to prove that specific digital holdings belong to them. Since regaining his Bitcoin, Chris has moved the funds to an FCA-regulated platform and is planning to use a portion of the windfall to purchase a more accessible home for his family.
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