Bittrex files for bankruptcy amid SEC charges.

1 min read
Source: CoinDesk
Bittrex files for bankruptcy amid SEC charges.
Photo: CoinDesk
TL;DR Summary

Bittrex, the US-based cryptocurrency exchange, has filed for bankruptcy in Delaware, with estimated liabilities and assets both within the $500 million to $1 billion range. The exchange had previously announced it would wind down operations in the US and was sued by the Securities and Exchange Commission (SEC) in mid-April. Bittrex is the latest crypto entity to file for bankruptcy, joining fellow exchange FTX and a host of lenders like Celsius, Voyager and BlockFi.

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