The American court blocked the Bittrex plan upon the return of funds to customers – Bits Media

The proposal of Bittrex cryptocurrencies blocked in the United States on the return of money and cryptocurrencies to local clients faced opposition to the arbitration court.

The American division of the company filed a bankruptcy statement 8 May, after that, as a valuable commission US papers and exchanges (SEC) accused the company and its co -founder William Shihar (William Shihara) in violation of the laws on securities and the lack of registration as a broker-dealer and a clearing agency. As a result, Bittrex stopped working with customers from the USA.

12 On May, the company appealed to the Court of County of the Pennsylvania Counter with a request to allow customers to withdraw their assets without costs and delays, trial. However, the authorities did not approve of such a decision.

"The division of lenders into classes outside the hearings is wrong", - says in a court decision on bankruptcy cases of the County Delaware.

The documents of the court indicate, that Bittrex "did not explain, Why are issues of ownership of cryptocurrency assets it is necessary to solve before the approval of the bankruptcy plan ".

Listing according to the plan of Bittrex on the resolution of removal of funds should take place 14 june.

Bittrex unit in the USA manages customer funds for $50 Milly in cash and $250 Milln in cryptocurrency.

Bittrex management said, that bankruptcy does not affect the activities of its trading floors outside the United States. As for the international company Bittrex Global, located in Liechtenstein, She was not included in the application. Therefore, Bittrex Global will continue to work as usual for customers outside the United States.