Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Starting Thursday

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A Delaware bankruptcy court has brought good news for U.S. customers of BittrexExchange. jackschickler reports.

In his Tuesday ruling, Judge Brendan Shannon authorized Bittrex U.S. and its affiliates “to permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from the Debtors’ trading platform to the extent of such claims.”

The judgment doesn’t determine who legally owns those assets, or whether customer claims are favored over the government’s, the ruling added, and there could be clawbacks in future. Patty Tomasco, a partner at law firm Quinn Emmanuel who's representing Bittrex, told CoinDesk in an email that “the platform will be up and running for withdrawals on Thursday, June 15.”

Source: Law Daily Report (lawdailyreport.net)

 

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