Bittrex

Bittrex was a cryptocurrency exchange founded in 2013 by William Hiroaki (Bill) Shihara, Richie Lai and Rami Kawach, headquartered in Seattle, that built a reputation for supporting a wide range of altcoins and emphasizing security. After years of operating in the U.S. market, Bittrex announced in late March 2023 that it would wind down its U.S. trading operations, citing the economic and regulatory environment. In April 2023 the SEC charged Bittrex and its co-founder with operating an unregistered exchange, broker and clearing agency, and on May 8, 2023 the U.S. entity filed for Chapter 11 bankruptcy in Delaware, listing more than 100,000 creditors. Bittrex settled the SEC's action for $24 million in August 2023; the separately operated Bittrex Global entity was not part of the U.S. bankruptcy and later also wound down.