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ETH $1,915.77 -0.16%
BNB $595.00 +4.02%
XRP $1.08 +0.04%
SOL $74.50 +0.50%
TRX $0.3288 +1.10%
DOGE $0.0706 -0.34%
ADA $0.1721 +2.61%
BCH $219.45 +3.94%
LINK $8.48 +1.09%
HYPE $54.96 +0.21%
AAVE $99.24 -0.24%
SUI $0.6994 +0.61%
XLM $0.1721 -0.28%
ZEC $472.17 +0.99%

The United States Secret Service is one of Bittrex's largest clients, and its bankruptcy may still be profitable to this day

2023-09-14 08:19:23
Collection

ChainCatcher news, although Bittrex filed for bankruptcy protection in May this year, it may still be profitable as a large number of customers have not requested refunds.

Bittrex's lawyer stated in a Delaware court on Wednesday that with the deadline for filing claims having passed, fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency. In May, after Bittrex's U.S. and Malta subsidiaries filed for bankruptcy, 1.6 million customers received emails requesting them to withdraw their funds, but only a small portion of those actually withdrew.

Additionally, the U.S. Secret Service is a major client of the exchange, holding an account with $6.2 million. Bittrex has worked with the agency to assist them in successfully withdrawing their funds.

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