Bankrupt crypto exchange Bittrex to pay $24 million to settle with US securities regulator

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

The SEC sued Bittrex Inc and its former chief executive William Shihara in April, saying they operated an unregistered national securities exchange, broker and clearing agency.