Bittrex Global has announced its decision to halt operations. Additionally, the company has called on customers to withdraw their funds, stating that trading activities will cease on December 4th.
In a statement regarding the matter, Bittrex Global’s executives expressed, “With great regret, we announce the decision to cease operations of Bittrex Global. This decision was not taken lightly, and we understand the discomfort it may cause to our valued customers.”
Why was the Decision to Close Made?
Bittrex filed for Chapter 11 bankruptcy protection in May, following accusations by the U.S. Securities and Exchange Commission (SEC) of operating as an unregistered exchange. Subsequently, the company announced its decision to shut down globally.
“We advise all users to log into their accounts and withdraw their assets as soon as possible.”Bittrex