US Crypto Exchange Bittrex Seeks Bankruptcy After SEC Complaint

Cryptocurrency exchange Bittrex filed for bankruptcy protection three weeks after the Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange for years.
On May 8, the crypto firm made the filing in a Wilmington, Delaware, court after announcing in March that it would wind down operations in the United States by the end of April.
Court filings also show that related entities Desolation Holdings LLC, Bittrex Malta Holdings Ltd., and Bittrex Malta Ltd. had also filed for bankruptcy.
The exchange’s U.S. branch had already laid off 83 employees in February.
Bittrex was the latest crypto exchange to file for bankruptcy, joining FTX and other rivals like Celsius, Voyager, and BlockFi….}