Crypto Exchange Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine

According to Thursday’s court filing, Bittrex will neither admit nor deny the allegations, and cannot make any public statement that might suggest the SEC didn’t have a factual basis for its allegations. Of the total $24 million fine, $14.4 million consists of disgorgement, $4 million in prejudgment interest on that disgorgement and $5.6 million in civil money penalties.

Source: https://www.coindesk.com/policy/2023/08/10/bittrex-reaches-settlement-with-sec-agrees-to-pay-24m-fine/?utm_medium=referral&utm_source=rss&utm_campaign=headlines