Order

Coin

<ul class="news-points"> 
 <li>Judge Brendan Shannon has approved the liquidation of Bittrex exchange.</li> 
 <li>The approval would allow Bittrex to carry out plans for winding down its U.S. operations.</li> 
 <li>Bittrex’s U.S. arm filed for Chapter 11 bankruptcy protection in May 2023.</li> 
</ul> 
Judge Brendan Shannon&nbsp; approved the liquidation of crypto exchange Bittrex at a hearing in Delaware on Monday, October 30, permitting the company to proceed with its bankruptcy plans. The approval would allow Bittrex to carry out plans for winding down its U.S. operations.&nbsp; 
According to the reports, the Securities and Exchange Commission (SEC) accused Bittrex’s American subsidiary of operating an unregistered exchange, and the company filed for Chapter 11 bankruptcy protection in May.&nbsp; Following the development, the company <a href="https://coinedition.com/bittrex-settles-sec-lawsuit-for-24-million-sec-receives-criticism/">settled with the SEC</a> for $24 million in August. 
Details of the report showed that Bittrex <a href="https://casedocs.omniagentsolutions.com/cmsvol2/pub_47475/570bd49f-5d29-4f40-bc76-2ee4d96d1512_515.pdf" target="_blank" rel="nofollow">filed</a> for the Order on October 26, 2023. The crypto exchange subsequently revised the filing on October 27, 2023, and on October 30, 2023, the Court held a hearing to consider, among other things, the entry of the Proposed Order. 
The court ruling i…
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Bittrex’s Bankruptcy Filing Approved By US Courts

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