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The post Bittrex to get $7M Loan For Bankruptcy Case appeared first on Coinpedia Fintech News
Judge Shannon approved Bittrex to borrow 250 Bitcoin ($7 Million) and may request another 450 BTC in June. If it stays stable, the loan could be worth $12.4 Million and the total loan worth would be $19 Billion. Bittrex says that it can afford to pay back all customers in cryptocurrency, and the loans will help the bankruptcy proceed without any issues. Judge Shannon allowed the loan due to its low rate and stability, Bittrex repaid the loan at a maximum of 110% of BTC value.
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