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Sunday, December 10, 2023

Bittrex Files for Bankruptcy After SEC Sues the Crypto Platform

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Bittrex Inc., once among the country’s biggest crypto trading platforms, filed for bankruptcy Monday after being sued by federal securities regulators and winding down its U.S. operations.
The Securities and Exchange Commission sued Bittrex last month as the Seattle-based crypto exchange was preparing to exit the American market, citing what it called the difficulty of working with U.S. regulators, The Wall Street Journal reported. Bittrex told its U.S. customers they should withdraw their funds by April 30, when the company shut down its American operations, according to its website.

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