Cryptocurrency buying and selling platform Bittrex has filed for Chapter 11 chapter safety within the District of Delaware.

In a Could 8 submitting in United States Chapter Court docket for the District of Delaware, Bittrex estimated it had greater than 100,000 collectors, between $500 million and $1 billion in property, and between $500 million and $1 billion in liabilities as a part of chapter proceedings. The declaration adopted the U.S. Securities and Alternate charging the company and its co-founder and former CEO William Shihara for securities violations in April.

Cointelegraph reached out to Bittrex World CEO Oliver Linch for remark, however didn’t obtain a response on the time of publication.

It is a growing story, and additional data will likely be added because it turns into accessible.