Bittrex Global Halts Trading Activities, Initiates Full Closure Process

With its main office located in Liechtenstein, Bittrex Global is a cryptocurrency exchange that has declared its closure. December 4 will mark the end of trading.

With its main office located in Liechtenstein, Bittrex Global is a cryptocurrency exchange that has declared its closure. December 4 will mark the end of trading.

Bittrex Global will collectively pay $14.4 million in disgorgement, $4 million in prejudgment interest, and $5.6 million in civil penalties.

The Florida Office of Financial Regulation is investigating Bittrex.

The Delaware bankruptcy court dismissed the DoJ's plea for halting the company's plan and decided to favor it.
The bankruptcy filing will not affect its parent company Bittrex Global which will continue to operate outside the United States

The enforcement division of the SEC is likely to recommend legal action against Bittrex for operating as an exchange, broker-dealer, and clearinghouse without registering with SEC

Although the exchange stated that all client funds were secure, it still allowed American customers to withdraw their money until April 30, 2023.