
US Entity Of Crypto Exchange Bittrex Filed For Chapter 11 Bankruptcy!
The crypto exchange Bittrex announced that its U.S. entity, Bittrex Inc., applied for Chapter 11 bankruptcy. According to a bankruptcy case filed in Wilmington, Delaware, Bittrex’s financial assets and liabilities were both between $500 million and $1 billion. Customers are expected to be paid in full. The U.S. SEC filed a lawsuit against Bittrex and former CEO William Shihara charging that Bittrex operates an unregistered national securities exchange, broker, and clearing agency.