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Bittrex U.S. to Allow Customer Withdrawals Following Bankruptcy Court Ruling

According to Cointime news on June 14th, Bittrex's U.S. arm will allow customer withdrawals from its trading platform on Thursday, following a ruling by a Delaware bankruptcy court. The exchange filed for bankruptcy in May and faced opposition from the U.S. government, which claimed it was owed millions for sanctions violations. The ruling allows customers with undisputed, noncontingent and liquidated claims to withdraw cryptocurrency assets and fiat currency, but does not determine who legally owns those assets or whether customer claims are favored over the government's. Bittrex's U.S. arm held $300m in customer cash and crypto as of May 10.

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