Defunct crypto exchange operator Bittrex has received court approval for its revised bankruptcy plan to wind down its U.S. operations. This marks a pivotal moment in the ongoing saga of Bittrex's Chapter 11 bankruptcy protection filing in May. At the recent hearing in Delaware, Judge Brendan Shannon granted approval for Bittrex's liquidation plan, which outlines the process of repaying its remaining creditors. The court's decision reflects a resolution of the Securities and Exchange Commission's (SEC) informal comments on the matter. To provide context, Bittrex found itself in this position after the SEC accused it of operating an unregistered exchange.
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