The US division of crypto exchange Bittrex will open today June 15 the withdrawal of funds for its customers after the Delaware Bankruptcy Court has allowed it.
Bittrex announced back in April it intended to suspend its US operations, citing regulatory uncertainty after the US Securities and Exchange Commission (SEC) filed a lawsuit against the company regarding violations of the law.
On May 8, the platform filed for bankruptcy protection in the United States. According to the lawsuit, the company's assets and liabilities range from $500 million to $1 billion.
The number of creditors exceeds 100,000. The platform has reported it holds the assets of US customers who did not withdraw them by April 30.
After declaring bankruptcy, Bittrex went to court to allow users to withdraw funds without the costs and expenses associated with restructuring.