.BittrexExchange could become the latest crypto firm to see bankruptcy plans disrupted by the U.S. government. jackschickler reports.
without the expense and delay of litigation. The U.S. government, whose Financial Crimes Enforcement Network is owed $5 million, says it’s not right to play favorites.
“Siloing creditors into subordinated classes outside of the confirmation hearing is improper,” the government’s filing said. The Bittrex companies “have not demonstrated why the issues of ownership of cryptocurrency assets needs to be determined prior to the confirmation of the [bankruptcy] plan.”.
Previous interventions by the government have proved decisive in scuppering crypto bankruptcy plans. An offer from Binance to buy the assets of defunct crypto lender Voyager was
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