Bittrex
A US court has agreed to wrap up Bittrex’s bankruptcy plans several months after the exchange made the decision to wind down operations in the States
Exchange’s bankrupt US arm is responsible for the $24 million settlement amount while its foreign affiliate acts only as a “second-line guarantor,” Bittrex Global says
Bittrex declared bankruptcy back in May, a month after the SEC filed its lawsuit against the crypto exchange
Paradigm issued another letter in support of a crypto exchange being targeted by the SEC
Bittrex says the SEC lacks “clear congressional authorization” required to apply securities laws to tokens
The court’s decision follows opposition by the US Department of Justice, which argued that Bittrex’s request for withdrawals was premature
The US government is opposing a motion from Bittrex to return customer funds — at least for now
The Bittrex bankruptcy has revealed the Treasury’s Office of Foreign Assets Control as the crypto exchange’s largest creditor
“As an industry, as a company, we’d much rather have clear rules that say what we can’t do than the uncertainty and the fog associated with simply not knowing what to do,” Linch told Blockworks
The SEC’s approach to regulation via enforcement will have a ‘chilling effect’ on US crypto firms, Bittrex said Monday
The SEC’s Monday complaint against exchange Bittrex names 6 tokens securities
The decision is based on the “sad reality” of lawmakers in the country “seemingly committed to extinguishing the industry,” according to the Bittrex CEO
The exchange allowed users in the Crimea region of Ukraine, as well as Cuba, Iran, Sudan and Syria to trade cryptoassets despite these being subject to US sanctions
The Series B round, led by Pantera Capital, raises the company’s valuation to $240 million