Bittrex U.S. To Allow Withdrawals
According to a CoinDesk article, the U.S. arm of the insolvent cryptocurrency exchange Bittrex is set to open for customer withdrawals on June 15th, following a decision by a Delaware bankruptcy court.
Judge Brendan Shannon found that Bittrex U.S. and its affiliates have the authority to allow clients with undisputed, non-contingent, and liquidated claims to withdraw crypto assets and fiat cash from the Debtors’ trading platform to the extent of such claims.
The ruling stressed that the decision does not clarify who legally owns those assets or if customer claims take precedence over government claims, and that clawbacks may occur in the future.
Patty Tomasco, a lawyer representing the exchange, told the publication in an email that “the platform will be up and running for withdrawals on Thursday, June 15.”
(With inputs from Shikha Singh)
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