Why Bittrex Files for Bankruptcy
The SEC’s Allegations
In a shocking turn of events, Bittrex files for bankruptcy protection after the SEC claimed that the company was operating an unregistered securities exchange.
Bittrex found itself facing financial distress and was compelled to file for bankruptcy protection. This drastic measure was taken in response to allegations made by the U.S. Securities and Exchange Commission (SEC). The SEC accused Bittrex of running an unregistered securities exchange, which is a serious violation of financial regulations.