Thu, March 28

Breaking: Bittrex Settles SEC Lawsuit for $24M

The US-based crypto exchange Bittrex has agreed to settle with the U.S. Securities and Exchange Commission over the case of offering unregistered securities to U.S. investors. Moreover, the exchange agreed to pay $24 million to the SEC to settle the claims, according to a filing in Seattle Federal Court. Today

August 11, 2023 1 min read

Crypto Exchange Bittrex Files Motion To Dismiss Lawsuit by U.S SEC

By submitting a motion to dismiss the complaint against it, Bittrex has advanced significantly in its legal struggle with the U.S. SEC. Bittrex argues in its new court filing that the SEC doesn’t have the jurisdiction to regulate cryptocurrencies as securities unless explicitly given that authority by Congress. This argument

July 2, 2023 2 mins read

Insolvent Bittrex U.S to Reopen for Withdrawals Post Court Ruling

The insolvent U.S. branch of the cryptocurrency exchange Bittrex will reopen for withdrawals on Thursday. The decision comes after Delaware bankruptcy judge Brendan Shannon’s ruling on Tuesday. The ruling stated: The exchange can “permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from

June 14, 2023 1 min read

Bittrex Files for Chapter 11 Bankruptcy After SEC Legal Battle

The Bittrex Crypto Exchange officially filed for bankruptcy. This occurs just over a month after the Security Exchange Commission (SEC) charged Bittrex with repeatedly breaking security regulations.  In a filing submitted on May 8 to the United States Bankruptcy Court for the District of Delaware, Bittrex reported that it has

May 9, 2023 1 min read

Bittrex Global CEO Denies Serving US Customers, Plans to Fight SEC Accusations

On April 17, 2023, the Securities and Exchange Commission (SEC) accused Bittrex, a Seattle-based exchange, of violating securities law by neglecting to register with the financial regulatory agency in various jurisdictions. The charges came at a time when the exchange was already planning to wind up its operations in the

April 27, 2023 1 min read

Crypto Exchange Bittrex Charged by SEC for Unregistered Security Offering

Sooner this Monday, the U.S. Securities and Exchange Commission (U.S. SEC) charged Bittrex, a cryptocurrency exchange for unregistered security policies. The CEO of Bittrex, William Shihara, and the representatives had to respond to the complaint raised over Bittrex. Furthermore, it is mentioned that SEC charged Bittrex’s foreign affiliate termed ‘Bittre

April 18, 2023 2 mins read

Crypto Exchange Bittrex Comes Under The SEC Scrutiny

Cryptocurrency exchange Bittrex is facing potential action from the US Securities and Exchange Commission Following plans to close its local operations. According to David Maria, the firm’s general counsel, the Securities and Exchange Commission’s enforcement team notified Bittrex in March. That is, it would suggest that the agency prosecute the

April 17, 2023 1 min read

Bittrex Announces Closure of U.S Division Citing Regulatory Concerns

Bittrex, a cryptocurrency exchange based in the United States, announced it will be closing its doors. The exchange stated in a statement on Friday that customers’ monies were secure and that they may withdraw them until April 30. It also stated that trading will continue until the 14th of April.

April 1, 2023 2 mins read

U.S Authorities Charge Bittrex With Violation of Sanctions

According to OFAC head Andrea Gacki, national security is put at risk. Bitmex, a crypto derivatives exchange, was fined $100 million by FinCEN last year. Bittrex, a cryptocurrency exchange situated in Washington State, was hit with charges from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control

October 13, 2022 1 min read