Desolation Holdings LLC

  1. July 23, 2024

    Bittrex Raises 'Red Flags' On $20M Customer Crypto Claim

    Bankrupt cryptocurrency exchange Bittrex on Tuesday asked a Delaware bankruptcy judge to reject an account holder's $20 million claim, saying there are too many "red flags" of possible illegal activity around the account for it to release the assets.

  2. October 30, 2023

    Bittrex Wins OK For Ch. 11 Plan That Pays Creditors In Full

    A Delaware judge signed off Monday on the Chapter 11 plan of bankrupt cryptocurrency exchange Bittrex, which expects to have enough money in its estate to pay unsecured creditors in full.

  3. September 26, 2023

    Bittrex To Move Ahead On Ch. 11 With DOJ Objection Dropped

    A Delaware bankruptcy judge Tuesday approved cryptocurrency exchange Bittrex's Chapter 11 disclosure statement after the company resolved a formal objection from the U.S. Department of Justice over information about customers in sanctioned countries, allowing Bittrex to proceed with a confirmation hearing set for late October.

  4. September 20, 2023

    Bittrex Drops Ch. 11 Bid For Sanctions Against Fla. Agency

    Crypto exchange Bittrex told a Delaware bankruptcy judge Wednesday it will stop pursuing sanctions against Florida's Office of Financial Regulation after reaching a settlement with the agency it had accused of violating automatic stay protections of its Chapter 11 case.

  5. August 22, 2023

    Bittrex Asks Bankruptcy Court To OK $24M SEC Settlement

    Crypto exchange Bittrex's bankrupt U.S. arm has asked a Delaware bankruptcy judge to approve a $24 million settlement with the U.S. Securities and Exchange Commission over alleged failures to register its platform.

  6. June 20, 2023

    Bankrupt Bittrex Wants SEC To Name Its Price

    Crypto exchange Bittrex wants the U.S. Securities and Exchange Commission to file a claim in bankruptcy court stating how much it feels the company should pay to end an enforcement lawsuit, saying that forcing it to go through a years-long court battle could lead to monetary losses for customers and other creditors.

  7. June 07, 2023

    Bankrupt Bittrex Can Redact Customer Info, Del. Judge Says

    A Delaware bankruptcy judge allowed cryptocurrency company Bittrex to redact customers' and creditors' identities over the objections of the U.S. Trustee, saying Wednesday that the debtor had met its burden of proof that making customers' information public put them at risk of phishing attacks and identity theft.

  8. May 10, 2023

    Bittrex Gets OK For Bitcoin Loan To Fund Chapter 11 Case

    A Delaware bankruptcy judge Wednesday gave cryptocurrency exchange Bittrex interim approval to take out what he called "novel" bitcoin Chapter 11 financing to keep it running while it returns hundreds of millions in customer crypto deposits.