The US arm of Bittrex Global, Bittrex Inc. filed for bankruptcy as of 8 May 2023. This move by the organization came only days after the SEC launched a lawsuit against the exchange on grounds of not registering the exchange as a national security exchange, a broker, and clearing agency.
– the President and Founder of Chapter 11 Dockets.com, highlighted the figures in the exchange’s bankruptcy filing. In a Tweet, he stated that
This act took place during the listing of the tokens on the exchange. The SEC accused Shihara of prompting issuers to delete statements that could lead to the commission investigating the nature of the asset class. Speaking about this action, the company stated,
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