Crypto News

Bittrex Crypto Exchange Files for Bankruptcy Amidst SEC Lawsuit


Bittrex, a popular cryptocurrency exchange, has officially filed for Chapter 11 bankruptcy in Delaware. This comes after the Security Exchange Commission (SEC) accused Bittrex of violating security rules over several years. 

According to a court filing, Bittrex has an estimated $500 million to $1 billion in assets and liabilities. Additionally, two other Bittrex companies, Bittrex Malta Ltd. and Bittrex Malta Holdings Ltd., also filed for bankruptcy protection. Last month, the SEC filed a lawsuit against Bittrex for operating an unregistered exchange, broker, and clearing agency. 

Once a major crypto exchange in the US with a market share of nearly 23% in 2018, Bittrex’s market share has dropped to less than 1% since 2021. 

The bankruptcy filing comes at a time when several other exchanges are facing similar lawsuits, such as bitFlyer. Bittrex has not yet commented on the bankruptcy filing publicly.

Creative Mind

Hello Dope SOUL'S, I'm the founder of, a self-taught blogger with a passion for technology. My journey began with a fascination for tech's power to shape our world, leading me to self-learn computer science and engineering. After years as a self-taught software engineer, I realized my true calling lay in sharing knowledge. This inspired, where I provide valuable insights on tech trends, gadgets, and software. As a self-taught blogger, I explore new tech, analyze trends, and offer honest reviews. I believe in demystifying complex subjects for both tech enthusiasts and beginners. Beyond blogging, I actively engage in tech conferences, collaborating with industry pros to ensure my content stays accurate and relevant. is a platform dedicated to sharing knowledge, connecting with the tech community, and helping readers navigate the ever-evolving tech landscape. Thanks for joining this journey. Stay curious and tech-savvy! Best regards, [Creative Mind] Founder,

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button