Man Recovers Lost Bitcoin from 2014 Exchange Collapse, Now Worth Over $4 Million
A U.K. resident named Chris recently recovered access to a large amount of Bitcoin he had lost in the collapse of an early cryptocurrency exchange called Intersango back in 2014. Initially investing around £4,000 ($5,417) worth of Bitcoin through the platform in 2011, Chris found his account frozen when the site went offline by 2014. For years, he was unable to retrieve his funds until this year, when with legal assistance, he successfully proved ownership and regained access. The recovered Bitcoin is now valued at approximately $4.47 million. Despite holding it on a regulated exchange, Chris remains cautious about its security and checks the balance frequently. The story echoes another U.K.-based case where an engineer discarded a hard drive containing 8,000 BTC in a landfill but has been unable to retrieve it despite legal efforts.
Topics: Bitcoin Intersango collapse lost cryptocurrency recovery