Recovery of 800 Million KRW Worth of Virtual Assets in the Bittrex Exchange Bankruptcy
Successfully Secured the Inheritance of 800 Million KRW in Cryptocurrency
Client Individual / Party
Key Summary
In 2023, Bittrex, one of the world’s largest cryptocurrency exchanges, declared bankruptcy, putting the inheritance of Ethereum (ETH) 166 and Bitcoin (BTC) 2 at risk for our client. The total value of the assets amounted to approximately 800 million KRW. However, the client missed the creditor filing deadline, making it difficult to claim their…
Case Overview
- Client Information
- Individual / Party
- Case Details
In 2023, Bittrex, one of the world’s largest cryptocurrency exchanges, declared bankruptcy, putting the inheritance of Ethereum (ETH) 166 and Bitcoin (BTC) 2 at risk for our client. The total value of the assets amounted to approximately 800 million KRW.
However, the client missed the creditor filing deadline, making it difficult to claim their inheritance.
Decent's Strategy
Decent Law Firm provided comprehensive support, including proving the client’s status as an heir, communicating with the U.S. Bankruptcy Court, and completing the creditor filing process to safeguard the client’s assets.
Results & Significance
Decent Law Firm successfully ensured that the client’s inherited cryptocurrencies were distributed in their original form.
With extensive experience in resolving complex legal issues related to cryptocurrency exchanges, Decent Law Firm provides proactive legal counsel for asset recovery, inheritance claims, and other related matters.