Overview
- A British investor identified as Chris regained 61 BTC worth about £3.3 million after instructing CEL Solicitors to pursue the holdings that had been inaccessible since Intersango went offline.
- CEL Solicitors assembled old bank statements, exchange records and registration emails and prepared documents for potential U.S. court proceedings before the claim was settled by negotiation.
- The recovered coins were moved first to a wallet controlled by the investor and then transferred to an FCA-regulated platform, and the claimant has expressed ongoing security concerns about holding a large crypto balance.
- Tracing and litigation linked roughly 5,500 BTC to former Intersango users and a founder who has acknowledged holding assets that may belong to customers, but each claimant will need detailed historic evidence to prove ownership.
- The case shows how public blockchain tracing must be paired with off-chain records to win returns, and it comes as UK regulators finalize a new authorization regime that will require firms to be regulated to custody customer crypto.