💥Bittrex = Latest Crypto Exchange BK💥

Plus: A Virgin Orbit Holdings Inc. ($VORB) Update

On May 8, 2023, Desolation Holdings LLC and affiliates Bittrex Inc. (“Bittrex”), Bittrex Malta Holdings Ltd., and Bittrex Malta Ltd. (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Shannon).¹

The debtors operate crypto exchanges for retail and institutional customers (1.2mm US-based customers, with 600k …