Early Bitcoin Users Uncover Hidden Fortune in Forgotten Exchange
CEL Solicitors has been working to recover assets for former users of Intersango, an early Bitcoin exchange that disappeared over a decade ago. The law firm claims to have traced more than 5,500 BTC, worth around $433.5 million at current prices.
A recent settlement demonstrates the potential for recovery: one former UK customer recovered 61 BTC, now valued at approximately $4.81 million. This successful claim provides a concrete example of how an old balance can turn into a successful ownership claim.
The investigation involves searching for records from over 15 years ago, including emails, bank statements, and exchange correspondence. These documents are crucial in establishing ownership, as blockchain tracing alone is not enough to prove personal claims.