Iranians have $100 million assets in the bankrupt Bitrex exchange; Opportunity for legal action until September 9

Iranians have $100 million assets in the bankrupt Bitrex exchange;  Opportunity for legal action until September 9


Bittrex exchange, after much struggle, finally declared bankruptcy two months ago to make it impossible for users to access millions of dollars of assets. The bankruptcy of this exchange was registered in America. Before filing for bankruptcy, the US Securities and Exchange Commission sued Bittrex because it believed the exchange was not officially registered.

Before the bankruptcy of this exchange, Bittrex managers had announced their desire to leave the American market. Bittrex was trying to avoid paying legal damages and state crimes by filing bankruptcy.

In 2017, Bitrex blocked the accounts of a significant number of people, and now it is said that these people have until September 9, 1402 to take legal action against Bitrex or withdraw their assets.

Some unconfirmed reports say that Bittrex has more than 100,000 creditors, whose assets range from $500 million to $1 billion. Apparently, nearly 100 million dollars of this asset belongs to Iranian users.

If you have an account in Bittrex and your assets are blocked, take action now. Of course, legal action is very difficult for Iranian users. Bittrex resists repossession of those who have not taken legal action to cover court costs and fines.

Lawyers in the United States do not accept requests from Iranian users due to sanctions. Statistics show that Iranian creditors have not taken any legal action against Bittrex.

According to knowledgeable sources, in recent years, Bittrex has transferred the company’s assets to personal accounts or its parent company, and now it has no financial resources to compensate for the loss; However, a group of crypto activists are trying to follow up the legal affairs of Iranian creditors.

With the right group action, it is possible to reach out to international lawyers and pursue restitution in a more serious manner. Some sources say that actions are being taken in this regard and more details will be announced soon.


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