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BTC $62,951.83 -0.73%
ETH $1,880.02 +0.08%
BNB $606.03 -0.17%
XRP $1.00 +0.37%
SOL $75.59 -0.08%
TRX $0.3318 -0.77%
DOGE $0.0698 +0.36%
ADA $0.1797 -1.46%
BCH $201.47 -3.06%
LINK $8.86 +1.52%
HYPE $55.64 -3.86%
AAVE $86.32 -0.94%
SUI $0.6768 -1.16%
XLM $0.1601 +0.61%
ZEC $487.36 -0.18%

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

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a Delaware court on Wednesday that with the deadline for filing claims having passed, fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency.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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