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05/07/2026

Shuttered Exchange Bittrex Seeks Return of $24 Million SEC Settlement

What happened: Now-defunct cryptocurrency exchange Bittrex is attempting to reclaim its $24 million settlement payment made to the SEC in 2023.

Shuttered Exchange Bittrex Seeks Return of $24 Million SEC Settlement

What happened: Now-defunct cryptocurrency exchange Bittrex is attempting to reclaim its $24 million settlement payment made to the SEC in 2023. The exchange had settled allegations of offering unregistered securities, but is now arguing the regulatory landscape has shifted to become more crypto-friendly under new leadership.

Why it matters: Bittrex's move to recover settlement funds reflects the dramatic shift in SEC crypto enforcement approach and could set precedent for other exchanges that settled similar cases. The outcome could influence how future regulatory settlements are structured and whether companies can seek relief when enforcement priorities change.

Source: Decrypt