Crypto exchange Bittrex Global announced its closure – Kommersant
[ad_1]
Liechtenstein-based cryptocurrency company Bittrex Global has announced that it is ceasing to exist.
“It is with great regret that we announce that Bittrex Global has decided to wind down its operations,” the statement reads. website company.—Effective Monday, December 4, 2023, all trading activity on Bittrex Global will be disabled. After this date, clients will only be able to withdraw assets as part of the winding down process.”
Bittrex was founded by William Shihara in 2014. The company’s problems began in the spring of this year, when American regulators filed claims against it. Then the US Securities and Exchange Commission (SEC) charged the company and Mr. Shihara with trading in securities under the guise of cryptoassets, which is prohibited by American law. Already at the end of April, the exchange ceased operations in the United States. And in May filed filing for bankruptcy of its American division. In August, the company reached an agreement with the SEC, under which it agreed to pay $24 million to the US authorities. At the time, the company claimed that Bittrex Global would continue to operate outside the US as usual.
What is happening with the cryptocurrency market – in the material “Bitcoin sets annual record”.
[ad_2]
Source link
