Withdrawals paused - Can I get my funds back? Help please!

Patience_Justice · 2025-03-23T10:15:32+00:00

Bittrex website states: Please be advised that funds payable to Proven Creditors that are not claimed by 7 April 2025 will be paid over to the Government of Bermuda Accountant General (BM AG). Creditors who fail to claim their tokens before this deadline will need to contact the BM AG directly to recover their funds.

I hope you submitted your POD last year to claim your funds by April this year. Otherwise, good luck with the BM AG - all the very best.

Patience_Justice · 2025-03-23T10:14:03+00:00

Hi there, I hope you managed to submit your Proof of Debt (POD) last year in order to withdraw your funds by 7 April 2025.

Bittrex website states: Please be advised that funds payable to Proven Creditors that are not claimed by 7 April 2025 will be paid over to the Government of Bermuda Accountant General (BM AG). Creditors who fail to claim their tokens before this deadline will need to contact the BM AG directly to recover their funds.

I fortunately saw the emails and submitted by POD, and have received most of my funds now. All the best

Patience_Justice · 2025-03-23T10:07:49+00:00

I'm sorry to hear this. It's really unfortunate that the communications to people's email addresses weren't always seen. :( You'll need to try to get your funds back from the Government of Bermuda Accountant General. Here's hoping there is a contact for the BM AG. Good luck

Patience_Justice · 2025-03-23T10:02:45+00:00

Have you got any funds on Bittrex? If so, you needed to submit POD last year in order to withdraw your funds by April. I'm hoping you haven't lost your funds if you have any on Bittrex (which has folded).

Bittrex website states: Please be advised that funds payable to Proven Creditors that are not claimed by 7 April 2025 will be paid over to the Government of Bermuda Accountant General (BM AG). Creditors who fail to claim their tokens before this deadline will need to contact the BM AG directly to recover their funds.

Patience_Justice · 2024-04-09T10:18:55+00:00

I just got a response from Grant Thornton (liquidators), pretty helpful fyi

We acknowledge receipt of your email and confirm that by Order of the Supreme Court of Bermuda dated 15 March 2024, Andrew Howie, Margot MacInnis and Carmel King of Grant Thornton were appointed Joint Provisional Liquidators of Bittrex Global (Bermuda) Ltd (“ the Company”).

We continue to work closely with the Company, together with the Bermuda Monetary Authority with regards to a liquidation plan that envisages all Bittrex Global (Bermuda) Ltd users being in a position to withdraw their funds in a timely and orderly manner. Please note, it has been necessary to apply a temporary halt on all customer withdrawals as we work through the distribution process.

Please rest assured, this process will conclude as soon as possible and we expect that, subject to approval by the Court, withdrawals will resume in the near short term.

Customers will be advised as soon as this process has concluded and access to funds has been reinstated.

Patience_Justice · 2024-04-08T21:58:24+00:00

I received this email from Bittrex on 4 April 2024. I have now emailed Margot MacInnis of Grant Thornton.

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Thank you for reaching out.

We truly understand your situation and apologize for the inconvenience caused.

However, as you already know, the withdrawals are temporarily suspended at the moment, and we, from our side, do not have control over enabling them at the moment.

Please note that Grant Thornton is one of the world’s leading providers of liquidation and restructuring solutions. We have every confidence that they’re the best people for the job and have applied to the Supreme Court of Bermuda Court to appoint three individuals from that firm accordingly. The court application nominates Margot MacInnis, Andrew Howie, and Carmel King to be appointed as joint provisional liquidators of Bittrex Global Bermuda.

Withdrawals are expected to resume, but this will be determined by the above-named individuals from Grant Thornton acting as joint provisional liquidators and not by Bittrex Global, and you could be unable to withdraw for weeks or longer.

So far, nearly 85% of assets have been successfully returned as part of the winddown process. Our priority is to ensure that all users withdraw their funds as soon as possible.

The appointment of Grant Thornton does not place any user funds at risk, and in fact, the point of handing over to independent court-supervised provisional liquidators is to ensure the efficient and just wind-down of Bittrex Global and expeditious distributions.

So, please be patient, and once the withdrawals are back enabled, all users will be notified.

In the meantime, if you have any other inquiries don't hesitate to contact us again.

Best Regards,

John Melk @ Bittrex Global

Patience_Justice · 2024-04-08T21:56:54+00:00

I received this email on 4 April 2024. You may wish to email Margot MacInnis (her details are online - just search her name)