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There are thousands of suspicious transactions in Bittrex's bankruptcy filing, which could have a significant impact on creditors' claims.

2025.11.07 17:56:24

On November 7th, as per DL News, the bankruptcy filing by Bittrex is replete with tens of thousands of conflicting, suspicious, and improbable transactions. This could potentially affect nearly 2 million customers who had funds held on the exchange prior to its collapse in 2023. Regulatory compliance researcher Pasha Onur stated, "Our examination of court filings and Bittrex's hot and cold wallets indicates that over $500 million in false transactions were submitted to the bankruptcy court." If the large number of transactions submitted in Bittrex's bankruptcy filing is inaccurate, it could have a substantial impact on creditors striving to recover funds from this defunct trading platform. Bittrex, which was established in Seattle in 2014, has repeatedly violated regulatory requirements. In May 2023, it filed for bankruptcy, just a few weeks after the U.S. Securities and Exchange Commission accused it of operating an unregistered securities exchange. In December of the same year, the exchange ceased its operations.
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