Crypto exchange Bittrex declares bankruptcy

After closing its U.S. operations in April, the cryptocurrency exchange platform Bittrexwhich is being sued in the United States, has filed the balance sheet in the state of Delaware.

Bittrexand several of its subsidiaries have filed for bankruptcy. bankruptcy Monday evening at US. The company’s ‘non-US’ operations are not affected, according to a statement.

Fed up with regulatory uncertainty in the U.S., Bittrex announced to leave the country of Uncle Sam in April. The crypto exchange of Seattlewhich had already been sanctioned by FinCEN last year, is now being sued by the SEC for offering regulated products without the necessary approvals.

For users who did not withdraw their funds from the platform by the end of April, your funds remain safe and secure […] While the bankruptcy court will ultimately decide the method by which these funds can be claimed and distributed, we intend to ask the court to activate these accounts as soon as possible so that customers meeting the regulatory requirements can withdraw them,” Bittrex reported.

In its bankruptcy filingthe exchange founded in 2014 says it has more than 100,000 creditors and liabilities/assets of up to $1 billion.

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