British 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. Summary A British investor recovered 61 BTC worth roughly £3.3 million after losing access to the coins when Intersango collapsed in 2014. He originally invested £1,500 in Bitcoin in 2011 and had largely written off the holdings after years of failed recovery attempts. Lawyers recovered the Bitcoin within months after gathering records to prove his ownership and preparing documents for US courts. Around 5,500 BTC may remain connected to former Intersango users, with individual claimants required to prove ownership of their assets. LBC reported that the investor, identified only as Chris, regained control of the Bitcoin this year after lawyers gathered documents proving that the assets held through the defunct exchange belonged to him. Chris originally invested £1,500 in Bitcoin in 2011 after a friend persuaded him to consider the cryptocurrency, which traded at £2.94 per coin when he made his first purchases. His holdings had risen to roughly £4,000 by the time he lost access. The recovery returned...