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

Table of Contents

CryptosHeadlines.com

Alte articole publicate pe 8 iun. 2023

Fear Grips Crypto Market as SEC Lawsuits Threaten Assets on Major Exchanges

Binance and Coinbase Net Flows Defy Expectations,

Binance CEO Behind Something Extremely Sketchy, SEC Confirms

Synthetix Spot Market V3 Alpha Now Available

Show Off Your Trading Skills in the Epic MagicCraft Trading Competition with Crypto Traders League!

BTC, ETH and XRP Price Analysis for June 8

Join our free newsletter for daily crypto updates!