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Bittrex declares bankruptcy following SEC charges.

1 min read
Source: Cointelegraph
Bittrex declares bankruptcy following SEC charges.
Photo: Cointelegraph
TL;DR

Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware, estimating it has between $500 million and $1 billion in assets and liabilities. The bankruptcy covers its Seattle-based entity Bittrex, Inc, two Bittrex entities in Malta, and an affiliated entity Desolation Holdings LLC. The declaration followed the U.S. Securities and Exchange Commission (SEC) charging the company and its co-founder and former CEO William Shihara for securities violations in April.

Topics:businesscryptocurrency#bankruptcy#bittrex#cryptocurrency#cryptocurrency-exchange#liabilities#sec
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  1. Bittrex files for Chapter 11 bankruptcy just weeks after SEC charges  Cointelegraph
  2. U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware  CoinDesk
  3. Bittrex Inc. Bitcoin And Crypto Exchange Files For Chapter 11 Bankruptcy  Bitcoin Magazine
  4. Bittrex Seeks Bankruptcy After Shuttering US Crypto Platform  Bloomberg
  5. Crypto exchange Bittrex files for bankruptcy after SEC complaint  Reuters

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