Bittrex Inc.’s bankruptcy proceedings revolved around a legal dispute related to claims filed by Azim Ghader. Ghader sought to recover lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware determined that Bittrex had adhered to legal requirements and upheld the objections against most of Ghader’s claims. The court only approved a small portion of his initial claims, totaling $4,000 in cryptocurrency value. This ruling underscored the effectiveness of Bittrex’s terms of service, which restricted liability and prevented the majority of Ghader’s claims for damages.
