Bittrex Shut Down in 2023: What Happened and Where Buyers Go Now

Bittrex filed Chapter 11 in May 2023 and stopped trading. What happened, how former users check claims, and how to pick a live exchange.
Bittrex Shut Down in 2023: What Happened and Where Buyers Go Now

You cannot buy cryptocurrency on Bittrex, because Bittrex stopped trading. Bittrex Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware on 8 May 2023, case number 23-10598, after announcing the wind-down of its US platform at the end of April that year.

The Securities and Exchange Commission had charged the company and co-founder William Shihara on 17 April 2023 with operating an unregistered exchange, broker and clearing agency.

The wind-down, in order

DateEvent
31 March 2023US wind-down announced, effective 30 April
17 April 2023SEC charges filed against Bittrex and William Shihara
30 April 2023US platform stops serving customers
8 May 2023Chapter 11 filing in Delaware, case 23-10598
15 June 2023Court authorises customer withdrawals
10 August 2023SEC settlement reached inside the bankruptcy
31 August 2023Deadline for US customers to file proofs of claim
4 December 2023Bittrex Global ends trading for remaining users
23 April 2024Liechtenstein and Bermuda entities enter liquidation

The two companies were separate

Bittrex Inc. covered US customers and went through Delaware bankruptcy. Bittrex Global served everyone else from Bermuda and Liechtenstein, and its wind-down ran on its own timetable. If you are trying to work out where your money went, the first question is which of the two held your account.

What happens if you log in today

bittrex.com redirects to bittrexglobal.com, which displays a wind-down notice. A login still exists, and its only function is withdrawals. Dollar balances were converted to USDT on a 1 to 1 basis so former customers could move value off the platform.

Trading is not available, and deposits are not accepted. Any page that offers to trade or deposit on a Bittrex domain is not operated by the company, whatever the design suggests.

That single rule covers most of the risk left in this story. A brand with a wind-down notice is an attractive thing to imitate, and the impersonations are the part that can still cost you money.

If you still hold an account, type the address into the browser yourself rather than following a link from an email, a search advertisement or a direct message. Login credentials and two-factor codes are the two things a clone site asks for first.

If you still had a balance

The deadline to file a US proof of claim was 31 August 2023, and it has passed. For customers who met it, the plan provided for 100% in-kind cryptocurrency distributions, meaning the same coins rather than a cash equivalent.

Participation was low. Fewer than 36,000 of roughly 1.6 million US customers filed claims, which is why the deadline matters more than the headline recovery rate. A late claim normally requires a court to accept that there was excusable neglect, which is a high bar and not a routine fix.

The claims agent is Omni Agent Solutions, and the underlying docket can be searched on PACER under case 23-10598. Those two sources will tell you more about your own position than any article can.

Bittrex Global customers went through a different process again, under Bermuda and Liechtenstein liquidation rather than the Delaware case, and a Bermuda Court of Appeal ruling in March 2026 continued that process rather than ending it.

Choosing a venue that still trades

Since the platform this topic used to describe is closed, the practical question is how to pick one that is open. Four checks do most of the work.

CheckWhy it decides your outcome
Regulator and licence numberDetermines your complaint route and any compensation scheme
Client fund segregationKeeps customer money apart from company money
Withdrawal record and complaintsShows whether exits actually work under stress
Total cost per purchaseSpread plus fee is the real price, not the advertised rate

Then match the venue to the job. A regulated broker in your own jurisdiction is the right home for money you intend to convert back into local currency, while self-custody suits assets you do not intend to sell for years. The two decisions are separate, and Bittrex is a reminder that the custody decision outlives the trading one.

How to verify this coverage

The filing date, case number and claim deadline come from the Delaware bankruptcy record, which is searchable on PACER and mirrored by the claims agent. The SEC charge and its settlement are published enforcement documents. The trading halt for international users and the liquidation of the Bittrex Global entities are recorded in the company's own wind-down notices and in the Bermuda proceedings. Before relying on any of it, open the docket or the claims agent page directly, because dates in secondary coverage drift and the court record does not.

This article is general information, not investment, legal or tax advice. Cryptocurrency held on an exchange can be lost if that exchange fails, and regulatory status changes over time.