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<p>Cryptocurrency trading platform Bittrex is facing $29 million in penalties for violating sanctions regulations and is also under scrutiny by the Securities and Exchange Commission (SEC). The United States Department of Justice (DOJ) has opposed Bittrex&#39;s proposal to allow customer withdrawals, arguing that the company&#39;s debt to the U.S. Treasury should be given priority. The DOJ claims that the bankruptcy motion filed by<a href="https://www.coingabbar.com/en/crypto-currency-news/bittrex-ceo-crypto-expected-to-integrate-into-tradfi-in-5-10-years" rel="noopener noreferrer nofollow"> Bittrex</a> is premature and aims to establish the possibility of reclaiming cryptocurrency assets from customers. A bankruptcy hearing is set to take place on June 14 to address these issues.</p>

US Department of Justice Objects to Bittrex's Customer Repayment Plan

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