The SEC has accused Bittrex and the exchange’s former CEO, William Shihara, of operating unregistered securities.
The US regulator SEC has issued an accusation against cryptocurrency exchange Bittrex and its co-founder William Shihara. In a previous report, it was stated that the SEC had sent a Wells notice to Bittrex and was preparing to file a lawsuit.
The SEC also accused Bittrex Global GmbH, the foreign subsidiary of the Bittrex exchange, for failing to register as a national stock exchange.
SEC accusations are a bombshell!
The US regulator, the SEC, has clamped down on cryptocurrency exchange Bittrex, the exchange’s co-founder William Shihara, and several cryptocurrencies.
The SEC has been accused of running Bittrex, an unregistered exchange and broker, which is considering terminating its US operations. The statement released by the SEC included the following statements;
“From 2017 to 2022, Bittrex serves, among other things, as a broker, clearing and clearing agency to investors, including US investors, with at least $1.3 billion in transaction fees without registering any of these activities with the Commission. earned income.”
The SEC also stated that cryptocurrencies such as NGC, OMG, ALGO, TKN, IHT, DASH are securities traded on Bittrex.
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