2 years ago
Bittrex announced the bankruptcy of its U.S. entity connected May 8.
The institution said that it has decided to record for Chapter 11 bankruptcy successful national tribunal successful Delaware. It said that this determination lone affects Bittrex Inc. and that its planetary platform, Bittrex Global, volition proceed to service non-U.S. customers.
The company’s bankruptcy filing suggests that the steadfast has betwixt $500 cardinal and $1 cardinal successful assets and betwixt $500 cardinal and $1 cardinal successful liabilities. The filing additionally indicates that the steadfast has much than 100,000 creditors.
The institution antecedently received charges from the U.S. Securities and Exchange Commission connected April 17. Those charges alleged that Bittrex and its co-founder Bill Shihara failed to registry its speech level with the regulator.
Later, connected March 31, Bittrex said that it would halt U.S. operations by the extremity of April but did not suggest a bankruptcy filing astatine that time.
The speech saw a reasonably debased trading measurement of $5.6 cardinal connected May 8.
The station Bittrex files for US bankruptcy; volition not halt planetary operations appeared archetypal connected CryptoSlate.
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