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 […]
SEC announces $24M settlement for case against Bittrex and its former CEO
The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global.This post was originally published on this site
SEC is ‘wrongfully attempting’ to police crypto markets — Paradigm counsel
Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex.This post was originally published on this site
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 […]
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. This post was originally published on this site
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network
This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors. This post was originally published on this site
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 […]
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.This post was originally published on this site
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 […]
SEC charges Bittrex with unregistered operations, calls 6 tokens securities
The U.S. Securities and Exchange Commission has filed a complaint against the Seattle-based exchange as Bittrex prepares to stop offering services in the United States.This post was originally published on this site