TechFlow news — Although Bittrex's U.S. and Malta subsidiaries filed for bankruptcy protection in May this year, the exchange may still have surplus funds, as a large number of customers have not requested withdrawals.
Bittrex attorney Patty Tomasco said Wednesday in a Delaware court that, with the claims submission deadline passed, fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency.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, emails were sent to 1.6 million customers urging them to withdraw their assets, but only a small fraction actually did so.
In addition, the U.S. Secret Service was one of the largest users of the exchange, holding $6.2 million in assets. Bittrex has since collaborated with the agency to assist in successfully retrieving the funds.
