The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware found that Bittrex had complied with legal requirements and upheld…
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Source: ShutterStock Bittrex Global has announced to wind down most exchange operations and trading activities in the coming weeks. Effective December 4 at 6:00 p.m. UTC, Bittrex Global will disable all trading activity on its exchange and terminate client relationships. Following this date, users will only be able to withdraw their assets. Notably, the company…
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The announcement came roughly nine months after U.S.-based crypto exchange Bittrex said it would shutter operations in response to the country’s regulatory environment. Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations, starting with the suspension of trading activity on Dec. 4. In a Nov. 20 update published to its website,…
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Source: Depositphotos A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations. In April, the US Securities and Exchange Commission (SEC) charged Bittrex, its co-founder and former CEO William Shihara. Bittrex faced allegations of operating an unregistered national securities exchange, broker and clearing agency. The…
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The majority of Bittrex US customers are leaving money behind by failing to claim their assets. The deadline for approximately 1.6 million customers to claim their crypto assets on Bittrex US and Bittrex Malta exchanges passed on August 31. However, only 35,972 customers, less than 3% of those identified by the court, actually made claims, resulting in…
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Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub” their online statements “to evade the federal securities laws.” Bittrex Settles With SEC The…
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The US Securities and Exchange Commission (SEC)’s push to force the crypto industry into “regulatory compliance” via enforcement action continues, with bankrupt crypto exchange Bittrex the latest to fall foul of the agency. Bittrex just agreed to pay a $24 million fine to the SEC, after the agency accused the exchange of operating as an…
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The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global. The United States Securities and Exchange Commission (SEC) has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange. In an Aug. 10…
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Throughout the last year, the U.S. Securities and Exchange Commission (SEC) has identified numerous crypto assets as securities in cases involving Binance, Bittrex, Coinbase, Terra’s Do Kwon, Tron’s Justin Sun, and several more. The aggregate worth of these prominent digital assets, considered securities, currently amounts to $98 billion, making up over 8% of the cryptocurrency…
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Prominent crypto investment firm Paradigm has challenged the US Securities and Exchange Commission’s authority to regulate secondary markets for crypto assets. The company has filed an amicus brief in the SEC’s case against cryptocurrency exchange Bittrex, challenging the regulator’s attempt to expand its jurisdiction over crypto secondary markets, Paradigm’s special counsel Rodrigo Seira said in a recent statement…. Read More:…
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