BREAKING: Crypto Platform Bittrex files for Chapter 11 Bankruptcy in Delaware.
Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware.
In a May 8 filing in the United States Bankruptcy Court for the District of Delaware, Bittrex estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities as part of bankruptcy proceedings. The declaration followed the U.S. Securities and Exchange Commissionand its co-founder and former CEO William Shihara for securities violations in April.
Cointelegraph reached out to Bittrex Global CEO Oliver Linch for comment but did not receive a response at the time of publication.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Crypto Exchange Bittrex Files for Bankruptcy in DelawareU.S. crypto exchange Bittrex filed for bankruptcy Monday, months after announcing its intention to exit the U.S. entirely. nikhileshde reports
Read more »
Bittrex files for bankruptcy protection less than a month after SEC chargesBittrex has more than 100,000 creditors, it said in a court filing.
Read more »
Diocese of Oakland files for Chapter 11 bankruptcyThe schools will continue to remain open and employees will still be paid, according to the Diocese.
Read more »
Oakland Diocese files for Chapter 11 bankruptcyA majority of the suits against the Diocese were filed in the wake of Assembly Bill 218, which suspended the statute of limitations for civil suits based on child sexual abuse.
Read more »
Stripe tackles ‘cold start problem’ with the launch of fiat-to-crypto on-rampStripe has launched a fiat-to-crypto on-ramp to address the 'cold start problem' that Web3 companies experience owing to clients lacking 'crypto in their wallets to carry out transactions.'
Read more »
Diocese of Oakland files for bankruptcy after over 330 child sexual abuse lawsuitsThe Diocese of Oakland has announced it is filing for Chapter 11 bankruptcy in light of over 330 lawsuits alleging child sexual abuse, mainly from the 1960s, 70s, and 80s.
Read more »