Crypto trading platform Bittrex agreed to pay $24 million to settle charges that it operated an illegal securities exchange, the Securities and Exchange Commission said yesterday, the Wall Street Journal reported. The SEC sued the platform's U.S. and overseas entities in April. The agency accused its U.S. firm of operating an illegal securities exchange, broker-dealer and clearinghouse. It alleged that Bittrex's overseas entity failed to register as a national securities exchange. Its U.S. entity filed for bankruptcy in May, after being sued by regulators and winding down its U.S. operations.
