Cryptocurrency buying and selling platform Bittrex has filed for Chapter 11 chapter safety within the District of Delaware.
In a Could 8 submitting in the US Chapter Court docket for the District of Delaware, Bittrex estimated it had greater than 100,000 collectors, between $500 million and $1 billion in belongings, and between $500 million and $1 billion in liabilities as a part of chapter proceedings. The declaration adopted the U.S. Securities and Trade Fee charging the corporate and its co-founder and former CEO William Shihara for securities violations in April.
Cointelegraph reached out to Bittrex World CEO Oliver Linch for remark however didn’t obtain a response on the time of publication.
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