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TRX $0.3346 -0.11%
DOGE $0.0909 +1.30%
ADA $0.2215 +0.54%
BCH $261.57 +2.00%
LINK $12.76 -1.64%
HYPE $85.00 -1.98%
AAVE $132.41 -0.44%
SUI $0.8263 +4.01%
XLM $0.1928 +3.87%
ZEC $1,148.93 -2.92%

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a Delaware court on Wednesday that with the deadline for filing claims having passed, fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency.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