US Crypto Exchange Bittrex Seeks Bankruptcy After SEC Complaint

Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration, on Nov. 28, 2021. Dado Ruvic/Reuters

Cryptocurrency exchange Bittrex filed for bankruptcy protection three weeks after the Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange for years.

On May 8, the crypto firm made the filing in a Wilmington, Delaware, court after announcing in March that it would wind down operations in the United States by the end of April.