Bittrex Global announced in a post on
In a post on X, Bittrex Global said it would close all trading activity on December 4.
“After that date, clients will only be able to withdraw assets as part of the liquidation process,” the company said.
Additionally, the exchange will not pay in US dollars. Instead, it instructed customers to convert to cryptocurrencies or euros before withdrawing.
A post on the company’s website warned customers not to make a deposit because “customer funds may be permanently lost as a result of the attempted transfer.”
The US arm of Bittrex agreed to pay $24 million to the SEC as part of a settlement in August. Bittrex Global, however, paid nothing as part of the agreement.
The SEC charged Bittrex in April, alleging that the company operated as an unregistered broker, exchange, and clearing agency. He also filed charges against the global arm.
Bittrex Global CEO Oliver Linch told Blockworks in May that the two companies, Bittrex US and Bittrex Global, were “completely separate companies” despite the regulatory agency targeting both in its lawsuit.
Also in May, Bittrex US filed for bankruptcy, but the court has since approved its bankruptcy plan. Following approval in late October, Bittrex US was authorized to begin selling its US-based assets.
