There are thousands of suspicious transactions in Bittrex's bankruptcy filing, which could have a significant impact on creditors' claims.

BlockBeats News, November 7th, according to DL News, Bittrex's bankruptcy filing is filled with tens of thousands of conflicting, suspicious, and unlikely transactions, which may affect nearly 2 million customers who held funds on the exchange before its collapse in 2023.

Regulatory compliance researcher Pasha Onur stated, "Our analysis of court filings and Bittrex's hot and cold wallets shows that over $500 million in false transactions were submitted to the bankruptcy court." If the large number of transactions submitted in Bittrex's bankruptcy filing is inaccurate, it could have a significant impact on creditors attempting to recover funds from this defunct trading platform.

Bittrex, founded in Seattle in 2014, has repeatedly violated regulatory requirements. In May 2023, it filed for bankruptcy, weeks after the U.S. Securities and Exchange Commission accused it of operating an unregistered securities exchange. In December of the same year, the exchange ceased operations.