Belly Up: Bittrex Inc. Bitcoin And Crypto Exchange Files For Chapter 11 Bankruptcy
Bittrex’s U.S.-based entity has filed for bankruptcy in the state of Delaware after seven years of operation.
Bittrex, a bitcoin and cryptocurrency exchange platform founded in 2014, has filed for bankruptcy in the state of Delaware. The decision comes after the company previously announced that it would be ceasing all operations in the U.S. effective April 30th as a result of U.S. Securities and Exchange Commission charges against the firm and its former CEO for operating an unregistered exchange, broker, and clearing agency. However, this announcement does not impact Bittrex Global, according to a statement released by the company, which will continue its operations as usual for customers outside of the U.S.
For customers who did not withdraw their funds from the platform prior to the end of April, the company has stated that ..... https://bitcoinmagazine.com/business/bittrex-inc-exchange-files-for-chapter-11-bankruptcy