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BTC $63,027.52 -0.06%
ETH $1,883.33 +0.05%
BNB $610.99 +0.84%
XRP $1.00 +0.02%
SOL $75.50 +0.04%
TRX $0.3315 -0.17%
DOGE $0.0700 +0.20%
ADA $0.1777 -1.35%
BCH $206.38 +1.53%
LINK $9.60 +8.10%
HYPE $57.08 +2.39%
AAVE $87.00 +0.52%
SUI $0.6825 +0.80%
XLM $0.1593 -0.21%
ZEC $489.50 +0.09%

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a Delaware court on Wednesday that with the deadline for filing claims having passed, fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency.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