Bitcoin

<h3 id="if-successful-this-wouldn-t-mark-the-state-s-first-intervention-in-thwarting-a-crypto-bankruptcy-proposal">If successful, this wouldn’t mark the state’s first intervention in thwarting a crypto bankruptcy proposal</h3><p>Bankrupt cryptocurrency exchange Bittrex’s plan to return customer funds in cash and cryptocurrency is met with a legal challenge from the United States. The U.S. government, which is owed millions for sanctions violations, filed a court document on Wednesday opposing Bittrex’s proposal. The legal battle unfolds as the exchange seeks to navigate the complex process of reimbursing its customers while addressing the outstanding sanctions issues with the U.S. authorities.</p><p>Following allegations of operating an unlawful securities exchange, the U.S. arm of Bittrex filed for bankruptcy on May 8. Additionally, the company had reached a settlement of approximately $30 million with the Treasury for facilitating business transactions involving customers from Iran, Cuba, and Crimea. <a href="https://cryptosheadlines.com/us-government-objects-to-bittrexs-customer-repayment-plan-for-crypto-exchange/" rel="noopener noreferrer nofollow">Read More...</a></p><p><strong>Join Cryptos Headlines Community: </strong><a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a></p>

US Government Objects to Bittrex’s Customer-Repayment Plan for Crypto Exchange

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