Bittrex will delist BitShares

Delisiting of BitShares hit hard on the BTS rankings
04 October 2017   3931

On October 13, Bittrex will conduct delisting of a number of altcoins, including BitShares (BTS). This is reported by the official website.

Next pairs will be delisted:

  • BTC/BTA (Bata);
  • BTC/BTS and ETH-BTS(BitShares);
  • BTC/DAR (Darcrus);
  • BTC/DRACO (DT Token).

The delisting reasons of the popular BitShares cryptocurrency remain unclear. At the same time, according to the publication of Stock Emperor, the reason for delisting BitShares could be the requirement of the Securities and Exchange Commission (SEC). Thus, at the end of July, the SEC issued an official statement stating that some tokens could be subject to the requirements of federal securities legislation.

According to Coinmarketcap, BTS is on the 43rd in terms of market capitalization, and BitShares's closest rivals are Factom and Siacoin.

Bitshares Rate
Bitshares Rate

We can see on the graph from Bittrex the fall of BitShare. Also, if you look on the top right corner, you will see the "This market will be deleted on October 13th, 2017." notification.

Bitshares rate on Bittrex
Bitshares rate on Bittrex

According to the Bittrex rules, after delisting any of the market's cryptocurrency, users have 14 days to withdraw funds from the corresponding wallets.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   338

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."