Bittrex's US and Maltese arms have processed $425 million in withdrawals since announcing plans to wind down US operations. T

he exchange's attorney stated in a Delaware bankruptcy court that Bittrex had not engaged in any negative behaviors that have been alleged against other entities in the crypto space. The US arm of Bittrex holds $50 million in customer cash and $250 million in customer crypto, while its Maltese entity has $120 million in customer cash and crypto.

Bittrex filed for bankruptcy in a federal court in Delaware after the US Securities and Exchange Commission accused the crypto platform of running an unregistered securities exchange. The exchange will continue operations "as normal" for customers outside the US.