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"SEC Charges Crypto Asset Trading Platform Bittrex and its Former CEO for Operating an Unregistered Exchange, Broker, and Clearing Agency"

2023-04-17 [vendor] SEC charges Bittrex
Primary Source ↗

Incident Details

Several weeks after Bittrex announced it would be winding down its US operations by the end of April, citing the US “regulatory and economic environment”, the SEC filed charges against the company and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency.The complaint also alleges that Bittrex and Shihara had coordinated with token issuers to dodge potential SEC action by having them remove public “problematic statements” predicting price, describing an expectation of profit, or describing offerings in terms of investments.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
SEC charges Bittrex

Timeline

  1. 2023-04-17 Breach occurred
  2. 2023-04-17 Publicly disclosed