CryptoNews: The US Department of Justice (DOJ) has objected to the bankruptcy plan of Bittrex. 👀
The US Department of Justice claims that the plan would unfairly prioritize the repayment of customers over the payment of penalties.
The DOJ claims that the plan would unfairly prioritize the repayment of customers over the payment of penalties. According to its bankruptcy plan, Bittrex intends to use its remaining assets, estimated at $200 million, to repay its customers who have been unable to access their funds since the exchange shut down. The plan also proposes to create a trust that would hold 10% of Bittrex's equity and distribute it to the government agencies once the company emerges from bankruptcy.
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