Burned Crypto Investor Claims Bittrex Keeping $100K in BCH/BSV Mix-Up

Through some mix-up, crypto exchange Bittrex has essentially seized $100,000 from a user without a valid explanation. | Source: Shutterstock; Edited by CCN

By CCN Markets: Imagine you sent $100,000 worth of Bitcoin Cash (BCH) somewhere. Then you opened up Bitcoin SV (BSV) and accidentally sent another $100,000 SV to that same address. Then you find it is locked up. That’s alright. You know the holder – an exchange. Surely an exchange won’t just hijack that amount of funds?

All of the above is very close to what happened, according to a source writing to CCN and elsewhere. The exchange in question is not a Russian backwater operation or something you’ve never heard of – it is Bittrex.

A $100,000 Crypto Mistake

Here’s what the user says happened:

“Just lost 100k with Bittrex sending BCH together with BSV. Somehow half of BCH been transferred together with BSV. Bittrex doesn’t want to return my funds. They have private keys and can do, but say that will not do. Does anyone have contacts of higher managers or their financial support to fix this issue directly? All I get is typical replies like from a robot. It is ok if it were 100 USD but this was 100K on Bittrex account which they don’t want to return.”

To CCN, he wrote:

Read the full story on CCN.com.