SEC pronounces $24M settlement for case in opposition to Bittrex and its former CEO

America Securities and Change Fee (SEC) has introduced an settlement with crypto buying and selling platform Bittrex and co-founder and former CEO William Shihara for working an unregistered change.

In an Aug. 10 discover, the SEC mentioned Bittrex and Bittrex International agreed to pay $14.4 million in disgorgement, $4 million in prejudgment curiosity, and $5.6 million in civil penalties to settle the authorized dispute with the federal regulator. The settlement remains to be topic to court docket approval.

Proceed Studying on Coin Telegraph