A British man known only as Chris has recovered 61 Bitcoin worth approximately $4.4 million after a 12-year legal dispute against the defunct exchange Intersango. He purchased the Bitcoin in 2011 but left them in the exchange's custody. CEL Solicitors, led by director of financial litigation Ryan Sweetnam, spent four months filing documents in U.S. court and negotiated the return of the assets. Chris now opens his wallet about 20 times a day, reflecting his long-awaited success.
British Man Recovers 61 Bitcoin Worth $4.4M After 12-Year Legal Battle
A British man known only as "Chris" has successfully recovered 61 Bitcoin, currently worth about $4.4 million, after a 12-year legal dispute that began when the UK cryptocurrency exchange Intersango shut down in 2014. Chris purchased the Bitcoin in 2011 but left them in the exchange's custody, never transferring them to a self-custodial wallet.
Intersango, formerly known as Britcoin, was one of the first UK exchanges to offer Bitcoin trading in pounds sterling. The recovery effort was assisted by Ryan Sweetnam, director of financial litigation at CEL Solicitors. The law firm spent four months preparing and submitting the necessary documents to a U.S. court, eventually securing the return of the assets through negotiation. Chris said he now opens the wallet containing the Bitcoin about 20 times a day. (Bitcoin.com News)
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