Crypto exchange Bittrex US, which has recently declared bankruptcy, has made an announcement about withdrawals.
Bittrexby the US Securities and Exchange Commission ( SEC) filed for bankruptcy in May, less than a month after his charges. Bittrex ‘s American arm, Bittrex US, announced that it will offer withdrawals to its users starting tomorrow, following the Delaware bankruptcy court ruling. Bittrex, once one of the biggest names in crypto companies in the US, continues to publish detailed information about its bankruptcy, succumbing to regulatory sanctions.
Remarks Received from Judge Brendan Shannon of the Case
Judge Brendan Shannon, in his decision announced yesterday, Bittrex BASE and its subsidiary and its affiliates, its customers with unconditional and liquidated claims, to withdraw crypto assets from the trading platform under the relevant claims. However, the decision did not determine the value of assets or favor customer demands over government demands.
In the chaos environment where regulatory pressures continue, the announcement made by Bittrex US relieved the users a little. In addition, Bittrex, one of the favorite crypto exchanges of 2018-2019, continues to surprise many crypto investors with its current situation.
