Bitcoin investor recovers $4.5m after 12-year wait

A British investor has recovered 61 bitcoin worth approximately £3.3 million, or about $4.5 million, more than 12 years after losing access to the cryptocurrency. Summary British investor recovered 61 BTC after proving ownership of funds held through collapsed exchange Intersango. His £1,500 investment produced recovered bitcoin valued around £3.3m after more than twelve years inaccessible. CEL Solicitors says it identified over 5,500 BTC potentially connected to other former Intersango customers. Claimants need historic bank statements, emails or exchange records demonstrating their individual bitcoin ownership rights. The law firm has not publicly disclosed the identified wallet address or complete recovery methodology yet. The investor originally spent around £1,500, then worth about $2,000, through the early U.K. exchange Britcoin in December 2011. The investor, identified only as “Chris,” purchased bitcoin when it traded below $4, according to the law firm that handled the recovery. Britcoin later became Intersango, which stopped providing trading services before disappearing from the internet. Chris said his holdings were worth about £4,000 when he lost access. He had a young...