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BTC $62,675.28 -1.40%
ETH $1,872.62 -0.72%
BNB $604.42 -0.74%
XRP $1.00 -0.39%
SOL $75.38 -0.76%
TRX $0.3330 -0.26%
DOGE $0.0691 -1.31%
ADA $0.1792 -2.08%
BCH $203.03 -4.93%
LINK $8.85 +0.90%
HYPE $56.10 -2.52%
AAVE $85.60 -3.44%
SUI $0.6758 -1.83%
XLM $0.1591 -0.53%
ZEC $483.57 -1.16%

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a Delaware court on Wednesday that with the deadline for filing claims having passed, fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency.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