{"id":530730,"date":"2023-05-09T16:40:31","date_gmt":"2023-05-09T16:40:31","guid":{"rendered":"https:\/\/wncen.com\/?p=530730"},"modified":"2023-05-09T14:25:01","modified_gmt":"2023-05-09T14:25:01","slug":"cryptocurrency-exchange-bittrex-files-for-bankruptcy-amid-sec-probe","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cryptocurrency-exchange-bittrex-files-for-bankruptcy-amid-sec-probe\/","title":{"rendered":"Cryptocurrency Exchange Bittrex Files For Bankruptcy Amid SEC Probe"},"content":{"rendered":"
The popular crypto trading exchange Bittrex filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware. This <\/span>move comes three weeks<\/span> after the United States Securities and Exchange Commission <\/span>filed a lawsuit<\/span><\/a> against it.<\/span><\/p>\n The US SEC charged Bittrex and its co-founder and former CEO, William Shihara, for allegedly operating an unregistered national securities Exchange, clearing agency, and broker house.\u00a0<\/span>It also filed another charge against Bittrex Global.\u00a0<\/span><\/p>\n According to the filing, the crypto exchange has over 100,000 creditors. Its assets were between $500 million and $1 billion, while the liabilities were between $500 million and $1 billion.<\/span><\/p>\nBittrex Trading Platform Bankruptcy Details<\/h2>\n