Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). The exchange believes it has more than 100,000 creditors, with estimated liabilities and assets both within the $500 million to $1 billion range. Bittrex's U.S. branch has had a rough 2023 so far, laying off 80 people in February and announcing in March that it would end all operations by the end of April. The SEC also sued former Bittrex CEO Bill Shihara and Bittrex Global.
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