Bittrex agrees to settle $24M in SEC lawsuit, doesn’t accept or decline allegations

Bittrex was charged in April by the SEC for selling unregistered securities. Besides Bittrex, Coinbase and Binance are also facing similar charges. Although Bittrex agreed to pay the $24 million, it has not mentioned anything to do with accepting or denying the SEC allegations. The US-based cryptocurrency exchange Bittrex has agreed to settle $24 million with […]

Embattled crypto exchange Bittrex US to allow withdrawals from Thursday

Following a decision by a Delaware bankruptcy court, the American branch of cryptocurrency exchange Bittrex is scheduled to open for customer withdrawals on Thursday. On Tuesday, Delaware bankruptcy court Judge Brendan Shannon authorized Bittrex US and its affiliates: “To permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from […]

Bittrex US files for Chapter 11 Bankruptcy

Bittrex has filed for bankruptcy just over a month after the SEC filed a lawsuit against it. The exchange has listed liabilities and assets totalling $1 billion apiece. The development comes days after Bittrex US informed its users to withdraw funds. Bittrex cryptocurrency exchange has officially filed for Chapter 11 bankruptcy protection in the US. The […]

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists […]