Bittrex, a bitcoin and cryptocurrency exchange platform founded in 2014, has filed for bankruptcy in the state of Delaware. The decision comes after the company previously announced that it would cease all operations in the US effective April 30th as a result of the US Securities and Exchange Commission’s charges against the company and its former CEO for operating a unregistered exchanges, brokers, and clearing agencies. However, this announcement does not affect Bittrex Global, according to a statement released by the company, which will continue its operations as usual for customers outside the US
For customers who did not withdraw their funds from the platform before the end of April, the company stated that their funds remain “safe and secure.” While the Bankruptcy Court will ultimately decide the method by which the funds can be acquired and distributed to customers, the company stated its intention to activate the accounts as soon as possible so that customers who have reached necessary regulatory requirements can withdraw their funds.
Bittrex has also retained Omni Agent Solutions to provide email and website updates to customers. The company encourages affected customers to visit their website during this process, as they will provide additional information as it becomes available, and customers will also receive information directly from the bankruptcy court.
In the released statement, the company said, “Our main priority is to ensure that our customers are made whole. We are committed to working through the bankruptcy process in a transparent manner and complying with all applicable laws. laws and regulations. We apologize for any inconvenience this may cause and appreciate your patience during this time.”