Bittrex Files For Creditors Protection

Bittrex Files For Creditors Protection

Share and Get Popular🚀

Key Point

  • Bittrex filing for bankruptcy comes weeks after the exchange and its executives were slammed with a lawsuit for violating securities law

Just when we thought bankruptcy has shifted from the crypto industry to the banking sector, Bittrex exchange reset our thoughts.

Bittrex Files for Chapter 11 Bankruptcy 

It seems to be a while since the word “creditors protection” has surfaced in the crypto space, well, here we are again, with Bittrex bringing it back to our hearing.

According to a Monday filing, the Bittrex exchange has joined the list of crypto-related firms that filed for creditors ’protection.

Per the filing, the total assets and liabilities listed by Bittrex amounted to roughly $1 billion.

This is coming weeks after the exchange and its executives were accused by the US Securities and Exchange Commission of violating US federal laws.

Prior to the accusation, the exchange had already suspended operations in the US, citing unhealthy regulations in the country.

Be one of the biggest spenders of crypto by joining the ParadiseFamilyVIP, there will be a personal crypto trading expert to teach you how to execute your trade on Binance(spot and futures), Kucoin and Bybit exchanges.

Use PRO20% for your special 20% discount before the promo expires. Click here to see reviews from happy clients.

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights. And also FREE market updates.

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments

Recent Articles

Follow Us

Trade Crypto Like a PRO

Decrease the risk of losing everything you have.

A team of 4 professional traders is sharing their personal daily trade setups with you.

Imagine finally having the right strategy, insights and knowledge to profit from the volatile crypto market movements consistently.

Safe Time, and Start Trading Like a PRO Today
Dark Mode