Bittrex to Move BTC Assets Among Cold Wallets

Bittrex team tries to assure users that everything's okay
11 January 2019   478

The American cryptocurrency exchange Bittrex announced that the platform is in the process of reorganizing the system of cold storage of crypto assets, as a result of which the assets are moved among the wallets.

Update: We are in the process of reorganizing and expanding our cold storage, resulting in moving funds between our cold wallets. There is no need to be worried.
 

Bittrex Twitter

Additionally, trading floor reported that Pabled Paxos (PAX) can be traded on Bittrex against fiat currencies.

Also, Bittrex noted that from January 17, it will be possible to buy and sell Digibyte (DGB) coins for fiat money.

Bittrex NY Users to be Caught Off Guard

Due to legal issues, Bittrex ceased providing service to residents of New York and despite warning two month ago, some users got their assets blocked
10 June 2019   338

Bittrex Cryptocurrency Exchange on June 9 completely stopped the service of New Yorkers. Although the official announcement about the need to withdraw funds from the trading platform was published 2 months before, comments on the network indicate that not all users of the exchange knew the plan of action. Reddit users report about it.

The amount of people that don't know is staggering. I saved my friend 40k yesterday.
 

alexcaggz @reddit

Residents of New York accounts ban at Bittrex was the result of the refusal of the local financial regulator to provide the exchange with a license to carry out activities in its jurisdiction.

The New York State Department of Financial Services has exposed the company in numerous violations of current requirements, including providing access to the trading platform to residents of countries from the sanction lists and users who have used false names. Bittrex itself claims that it was negotiated, and insists that it took measures to eliminate a substantial part of the regulator's comments.

Last week, Bittrex announced that it will close access to 32 assets on its platform for US users.