Bittrex Gets Court Approval to Liquidate Assets and Wind Down US Operations

Major crypto exchange Bittrex has on Oct. 30 been given the go-ahead by the US bankruptcy court to shutter operations in the United States and also liquidate its assets to repay creditors.

However, weeks after announcing plans to leave the US, the Securities and Exchange Commission served the cryptocurrency exchange a Wells notice, later followed by a lawsuit, alleging that the company and its co-founder and former CEO William Shihara violated securities laws. In addition, the regulator stated that six tokens listed on the Seattle-based platform were securities.

With Bittrex leaving the United States, the platform’s international affiliate, Bittrex Global continues to offer its services to clients in other regions.Google’s Swift Move Towards Web3 Adoption: Advancements and ImplicationsSix Important Considerations for the Ethereum Price Going in Q4 2023

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