Bittrex exchange has filed a bankruptcy statement after the termination of activities in the United States – Bits Media

The Bittrex crypto-rope has filed a bankruptcy statement after the closure of operations in the United States due to pressure from regulatory authorities. Bankruptcy also applies to several subsidiaries of the exchange companies.

According to the statement from 8 May, submitted bittrex inc. To the US court for bankruptcy cases of the district, Now the exchange has more 100 000 creditors, And the amount of assets has from $500 million to $1 billion. Exchange obligations also draw up from $500 million to $1 billion.

Bankruptcy applies to Bittrex Inc in Seattle, Two Bittrex companies in Malta, as well as on Deslation Holdings LLC. Bittrex appealed to the court with a request to give the opportunity to withdraw funds to customers, who did not have time to do this before the site closed.

Bittrex management said, that bankruptcy does not affect the activities of its companies outside the United States. As for the international company Bittrex Global GmbH, located in Liechtenstein, She was not included in the application. Therefore, Bittrex Global will continue to work as usual for customers outside the United States.

Bittrex filed a bankruptcy application almost a month after, as a US Securities and Exchange Commission (SEC) accused the company and its co -founder William Shihar (William Shihara) in violation of the laws on securities and the lack of registration as a broker-dealer and a clearing agency. Due to the complex regulatory situation, Bittrex stopped working with customers from the USA.

Recall, that in October last year, foreign assets control controls (I DO IT) and network to combat financial crimes (FinCEN) US Ministry of Finance fined the exchange for $29 Milln for violation of the law on banking secrets.