Will Bittrex pay a $24 million fine?

May 29-31, 2024 - Austin, Texas The biggest and most established global event for everything crypto, blockchain and Web3. Register Now Crypto exchange Bittrex settled charges of offering U.S. investors access to unregistered securities on Thursday, agreeing to pay a $24 million fine within two months of filing a liquidation plan for the exchange.

How much did Bittrex pay the SEC?

In an Aug. 10 notice, the SEC said Bittrex and Bittrex Global agreed to pay $14.4 million in disgorgement (therepayment of ill-gotten gains), $4 million in prejudgment interest, and $5.6 million in civil penalties to settle the legal dispute with the federal regulator. The agreement is still subject to court approval.

Did Bittrex fail to register with SEC?

Aug 10 (Reuters) - Bittrex has agreed to pay $24 million to settle claims by the U.S. Securities and Exchange Commission that the cryptocurrency exchange failed to register with the agency, according to a filing in Seattle federal court on Thursday.