Bittrex Inc.

CASE SUMMARY: Bittrex to Wind Down US Exchange Amid Mounting Pressure in Murky Crypto Regulatory Landscape; Liquidating Plan Would Pay Customers in Full in Like-Kind Digital Assets

Tue 05/09/2023 12:47 PM
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Relevant Documents:
Voluntary Petition
Press Release
First Day Declaration
Plan of Liquidation
DIP Financing Motion
First Day Hearing Agenda
 
Summary
U.S.-based crypto exchange files for bankruptcy to wind down U.S. operations in the face of regulatory uncertainty and a pending SEC enforcement action.
The debtors propose a crypto-denominated DIP facility to fund a liquidating plan, which would pay all customers in full with a like-kind distribution of digital assets.
Bittrex’s international...
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