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The U.S. Secret Service, One of Bittrex’s Largest Customers, May Still Be Profitable From Its Bankruptcy

Despite Bittrex filing for bankruptcy protection in May of this year, the exchange may still be profitable as many customers did not request refunds.

Bittrex's lawyer stated in a Delaware court on Wednesday that with the deadline for submitting claims passed, only fewer than 36,000 customers have withdrawn approximately $143 million worth of cryptocurrency. In May of this year, after Bittrex's US and Malta subsidiaries filed for bankruptcy, 1.6 million customers received emails requesting them to withdraw their funds, but only a small portion of them actually withdrew.

In addition, the US Secret Service is a major customer of the exchange, holding an account worth $6.2 million. Bittrex has worked with the agency to help them successfully withdraw their funds.

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