Bittrex reached a $24 million settlement with the US Securities and Exchange Commission (SEC). Under this arrangement, Bittrex and Bittrex Global have settled with the federal regulator, agreeing to make payments totaling $14.4 million for disgorgement (repayment of unjust profits), $4 million for prejudgment interest, and $5.6 million in civil penalties to resolve the legal conflict.
Even though both parties were able to avoid the effort and cost of litigation, Bittrex CEO Oliver Linch said that “now is not the time for a victory lap.”
Bittrex’s Statement After $24M Settlement
While Bittrex’s US arm agreed to pay $24 million in the settlement, it will refrain from acknowledging or refuting the accusations and is also restricted from issuing any public communication that could imply the absence of a factual foundation for the SEC’s allegations.
Deeming the resolution to be a quick one, considering pending lawsuits against Binance, Coinbase, etc., Bittrex’s boss Linch said i
We współpracy z: https://cryptopotato.com/bittrex-ceo-cautions-against-celebratory-stance-following-24-million-sec-settlement/
