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Man recovers $4.4M in Bitcoin after 12 years following exchange collapse

Market News
07 Sep 2026
Bitcoin
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Bullish
Man recovers $4.4M in Bitcoin after 12 years following exchange collapse

A British man known as Chris reclaimed 61 BTC worth $4.4 million after 12 years of legal battle following the 2014 collapse of Intersango, a UK bitcoin exchange. Initially buying bitcoin in 2011, Chris left his coins in the exchange custody, which shut down without FCA licensing, cutting off access. After years of lost hope, legal negotiations through a law firm led to the recovery of his funds via U.S. courts without a trial. This case highlights risks of exchange custody and the importance of secure crypto storage.

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