PANews reported on November 7th that, according to DL News, Bittrex's bankruptcy filings contain tens of thousands of contradictory, suspicious, and illogical transaction records, potentially impacting nearly 2 million customers who held funds on the platform before its collapse in 2023. Regulatory compliance researcher Pasha Onur pointed out that some patterns in the documents immediately raised alarms. Analysis of court documents and Bittrex's hot and cold wallets indicates that multiple files contained over $500 million worth of fraudulent transaction records.

Inaccurate transaction records could significantly impact creditors seeking to recover funds from the collapsed exchange. Bittrex had approximately 1.6 million users when it filed for bankruptcy, but fewer than 36,000, or less than 3%, filed claims. Onur stated that if withdrawal transactions were forged, customer account balances would be incorrect, leading to inaccurate creditor claims. The list of the top 20 creditors used for conflict of interest checks and priority allocation was also calculated based on this manipulated data. Bittrex Global's bankruptcy claims closed in April of this year, and the exchange has yet to make payments to creditors. Onur's analysis of financial statements covering the 90 days prior to its bankruptcy was submitted to the court in June 2023.