American Crypto Exchange Bittrex Files for Chapter 11 Bankruptcy - Decrypt
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In a Monday Chapter 11 bankruptcy filing, the American cryptocurrency exchange said it had more than 100,000 creditors with estimated liabilities and assets both within the $500 million to $1 billion range Bittrex is a small Seattle-based company, founded in 2013 The filing comes just weeks after th
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- In a Monday Chapter 11 bankruptcy filing, the American cryptocurrency exchange said it had more than 100,000 creditors with estimated liabilities and assets both within the $500 million to $1 billion range
- Bittrex is a small Seattle-based company, founded in 2013
- The filing comes just weeks after the U.S. Securities and Exchange Commission filed charges against Bittrex, alleging it had failed to comply with securities law by not registering with the financial watchdog
- The SEC's criminal complaint alleged that the exchange failed to register as a broker-dealer, exchange, and clearing agency—and that it took in at least $1.3 billion in illicit revenue between 2017 and 2022
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