Bittrex US Allowed to Wind Down Following SEC Charges!
The post Bittrex US Allowed to Wind Down Following SEC Charges! appeared first on Coinpedia Fintech News
Bittrex has received court approval for its revised bankruptcy plan to wind down its US operations following its Chapter 11 bankruptcy protection filing in May. The company had been charged by the Securities and Exchange Commission with running an unregistered exchange, and settled for $24m in August. Bittrex Global, however, continues to operate outside of the US. Oliver Linch, CEO of Bittrex Global, has highlighted the firm’s willingness to work with those wary of regulatory uncertainty in the US. Bittrex’s market share in the US had fallen to less than 1% by 2021.
