News
Bittrex Releasing The Frozen Assets Of Customers From Sanctioned Nations
Summary: Bittrex, the cryptocurrency exchange, is looking to return frozen assets to customers from sanctioned nations, according to a Twitter post by ex-user Ziya Sadr. Bittrex is reaching out to former users from sanctioned countries or regions where exchanges are legally unable to offer service due to the U.S. Treasury’s Office of Foreign Assets Control (OFAC). ...
Bittrex, the cryptocurrency exchange, is looking to return frozen assets to customers from sanctioned nations, according to a Twitter post by ex-user Ziya Sadr.
Bittrex is reaching out to former users from sanctioned countries or regions where exchanges are legally unable to offer service due to the U.S. Treasury’s Office of Foreign Assets Control (OFAC). The exchange is letting former customers know that they were recently given permission to release their frozen funds back to their owners.
To withdraw funds users must create a Bittrex support account that has the same email as the original account and fill out a form the says where to send the funds.
To withdraw the user's wallet balance must be above the exchange’s minimum withdrawal amount. The amount withdrawn must be triple the transaction fee according to a May 2018 support page. Owners can withdraw their funds on another exchange as long as they don’t withdraw from an exchange based in Iran, Syria, Cuba or Crimea.
By Ramsey Baker
Tags: Bittrex,Cryptocurrency,frozen assets,OFAC
Link: Bittrex Releasing The Frozen Assets Of Customers From Sanctioned Nations [Copy]
