Cryptocurrency exchange Bittrex files for bankruptcy, business outside the U.S. unaffected

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange Bittrex filed for bankruptcy in Delaware, USA on Monday. Bittrex Global's operations will not be affected, and Bittrex will continue to serve customers outside the United States. A court document provided by bankruptcy tracking agency Chapter 11 Dockets shows that Bittrex has over 100,000 creditors, with liabilities and assets expected to be between $500 million and $1 billion.

In February this year, Bittrex's U.S. subsidiary laid off 80 employees and announced in March that it would cease all operations by the end of April. In mid-April, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Bittrex and its CEO, accusing them of operating a national securities exchange, broker, and clearing agency without registration. (source link)