Crypto
Recovery of 800 Million KRW Worth of Virtual Assets in the Bittrex Exchange Bankruptcy
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
The heirs resided in both the United States and South Korea, requiring all legal documents to be prepared in English. Additionally, the claim had to be filed directly with the U.S. Bankruptcy Court under the applicable American bankruptcy procedures.
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.
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
“Successfully Secured the Inheritance of 800 Million KRW in Cryptocurrency”
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.
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.
Legal Consultation
All consultations are conducted after a case review by the attorney in charge.
Providing the key details of your case in advance will help you receive more specific advice.
