Crypto exchange Bittrex has filed for Chapter 11 bankruptcy protection in Delaware, less than a month after the SEC charged it with operating an unregistered exchange. According to a court filing, the company has assets and liabilities each estimated to be worth between $500 million and $1 billion, and has more than 100,000 creditors.
Two other entities, Bittrex Malta Ltd. and Bittrex Malta Holdings Ltd., also filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
According to a Bittrex Inc. Spokesperson, the bankruptcy filing will not impact Bittrex Global, which will continue operations as normal for its customers outside the U.S.
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