📰 Bittrex reached a $24 million agreement with the US Securities and Exchange Commission (SEC). With this settlement, Bittrex and Bittrex Global settled with the federal regulator, agreeing to pay $14.4 million in restitution of ill-gotten gains, $4 million in prejudicial interest, and $5.6 million in civil penalties to resolve the legal conflict.

🚫 Bittrex CEO Oliver Linch said that although the parties are avoiding the litigation process and cost, "now is not the time to take a victory lap."

💼 Although Bittrex's US arm agreed to pay the $24 million settlement, it will not admit or deny the accusations and will also refrain from releasing any public communications that have no factual basis for the SEC's allegations.

🔍 Binance, Coinbase etc. Given the lawsuits filed against the companies, Bittrex CEO Linch said, "We are pleased that these terms were quickly agreed upon. While this is good news for Bittrex Global, now is not the time to take a victory lap. Instead, we “By putting it behind us, we can focus on building our vision for the future of cryptocurrency as part of a regulated, mature and sophisticated financial ecosystem,” he said.

🌍 Linch stated that Bittrex Global allocated significant resources to not accept US customers. The CEO stated that the company only serves and provides services to customers outside the United States.