Bitcoin · CryptoSlate
How recovery of 61 BTC unlocked a potential $432 million treasure hunt for early Bitcoin users
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CEL Solicitors says it has traced more than 5,500 BTC that it believes belong to former users of Intersango, an early Bitcoin exchange that disappeared more than a decade ago.
Key facts
- One Bitcoin now represents almost $79,000, while a 10 BTC balance would be worth about $788,000 and 100 BTC would approach $7.9 million
- The exchange offered 625 BTC for $12.10 each, valuing the entire batch at roughly $7,563 at the time
- At $100,000 per Bitcoin, the 61-BTC recovery would be worth $6.1 million
- The investor instructed CEL on Jan. 20, and the case settled on May 28, returning all 61 coins, now worth about $4.81 million
Summary
01 CEL says over 5,500 BTC tied to former Intersango users could be worth about $433.5M today. 02 One former user recovered 61 BTC worth $4.81M, proving some decade-old claims can still be resolved. 03 The biggest hurdle is evidence: old emails, bank records and support tickets may decide who can recover coins. At Bitcoin’s current price near $78,824, those coins carry a value of roughly $433.5 million.