British Man Recovers £3.3M in Bitcoin Lost for over a Decade
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Cryptocurrency News | Cryptocurrency Prices | Market CapBritish man recovers £3.3M in Bitcoin lost for over a decade
A British Bitcoin investor has recovered 61 BTC worth roughly £3.3 million after losing access to the coins for more than 12 years following the collapse of early UK exchange Intersango. LBC reported that the investor, identified only as Chris,…
A British investor recovered 61 BTCs that remained inaccessible for more than 12 years after the closure of Intersango. The case, resolved through negotiation and backed by historical records, illustrates the complexity of proving ownership of funds held by missing exchanges.
According to ChainCatcher, a British man named Chris has recovered 61 bitcoins, currently valued at approximately $4.4 million, after a 12-year legal battle following the closure of the UK cryptocurrency exchange Intersango in 2014. Chris purchased the bitcoins in 2011 and subsequently kept the assets in custody at the exchange, instead of transferring them to a self-custodied wallet. Intersango, formerly known as Britcoin, was one of the first …
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