Richie Lai

Chapter 11 Petition by Desolation Holdings LLC, of Bellevue, Washington, USA; Bittrex, Inc., of Seattle, Washington, USA; Bittrex Malta Holdings Ltd., and Bittrex Malta Ltd., both of Malta, at the U.S. Bankruptcy Court for the District of Delaware.

Two major U.S.-based cryptocurrency exchanges - Bittrex and Poloniex - have been added as defendants to a class action complaint that alleges crypto buyers around the world were collectively swindled out of billions of dollars in an unprecedented "criminal" price manipulation scheme.