Odaily News Cryptocurrency exchange Bittrex’s bankruptcy plan has been approved by the U.S. Bankruptcy Court, which will shut down its U.S. operations and allow the company to adopt a liquidation plan that will pay remaining creditors in full. Bittrex previously spent months returning cryptocurrency deposits to customers. (Reuters) According to previous news on May 9, Bittrex has filed for Chapter 11 bankruptcy protection in Delaware, USA. The estimated value of assets and liabilities is between US$500 million and US$1 billion, and there are more than 100,000 creditors. , two other entities, Bittrex Malta Ltd. and Bittrex Malta Holdings Ltd., also filed for bankruptcy protection with the U.S. Bankruptcy Court of Delaware. A Bittrex spokesperson said that filing for bankruptcy protection will not affect Bittrex Global, and its business for customers outside the United States will continue to operate normally. In August, Bittrex and its CEO reached a $24 million settlement with the SEC after the commission accused it in April of operating as an unregistered exchange.