Bittrex says it ceased operations in the United States on April 30, but adds the bankruptcy filing would not impact Bittrex Global, which serves customers outside the United States.
Cryptocurrency exchange Bittrex Inc filed for bankruptcy protection on Monday, May 8, three weeks after the US Securities and Exchange Commission accused it of operating an unregistered securities exchange.
Bittrex said that it was still holding crypto assets of US customers who did not withdraw funds before April 30. The SEC sued Bittrex on April 17, alleging that former CEO William Shihara encouraged crypto asset issuers seeking to make their tokens available on the company’s platform to delete public statements that could lead regulators to investigate those token offerings as securities.
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