Last Wednesday, the bankrupt cryptocurrency exchange Bittrex Inc received permission from the court to borrow $7 million in bitcoin. This was to finance the start of his Chapter 11 business.

The Seattle-based company Bittrex filed for bankruptcy last Monday. It believes it intends to return the funds of its international clients and to end its activities in the United States. Bittrex said the U.S. regulatory environment became unsustainable after the SEC sued the company for allegedly operating an unregistered securities exchange. However, the company's international subsidiaries will continue to explain from the United States. Bittrex has stopped accepting new deposits from American customers and has asked its existing users to withdraw their cryptocurrency from the platform before filing for bankruptcy