Florida Office of Financial Regulatory considers to initiate enforcement proceedings against BittrexThe US-based crypto exchange filed for Chapter 11 bankruptcy protection in May.

In a document filed July 5 in the United States District of Delaware Bankruptcy Court, Brandon GreenbergFlorida Office of Financial Regulatory (OFR) Assistant General Counsel, Announced government regulator receives information about Bittrex’s alleged non-compliance with the law. According to Greenberg, the OFR is still “administrative discretion” Whether or not to blame Bittrex.

The U.S. Securities and Exchange Commission (SEC) filed a complaint against Bittrex on April 17, the exchange renounced its license to transfer funds in Florida on April 30, and filed for bankruptcy on May 8. At the time, OFR stated that Bittrex had waived the license. “It would not affect the legal process”included allegations of inability to separate client assets from working capital, inability to maintain a surety bond and another complaint removed from court records.

SEC’s executive action, bankruptcy case And Potential lawsuit in Florida followed the announcement Bittrex is shutting down its US operations due to April “regulatory uncertainty continues” in the country. On June 15, the stock market announced some users can access their account and withdraw funds until 31 August.

Despite filing separate charges against the SEC in April Bittrex Globalglobal change virtually unaffected by financial and regulatory issues It affects the US stock market. The global company is regulated in Liechtenstein and Bermuda.