Bittrex Global To Close After SEC Hit It With $24 Million Penalty ByLockridge OkothPRO INVESTOR Updated: 21 November 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Crypto exchange Bittrex Global said it will wind down its operations with all trading activity suspended from December 4. “This decision was not made lightly, and we understand the inconvenience it may have on our valued customers,” said Lichtenstein-based Bittrex Global in a statement on its website. It is with great regret that we inform you that Bittrex Global has decided to wind down its operations. Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the… — Bittrex Global (@BittrexGlobal) November 20, 2023 Bittrex Closed US Operations In February The exchange’s US-based subsidiary announced the winding up of its US operations in February, citing overly stringent and unpredictable regulatory conditions. In April, the securities regulator charged it with “operating an unregistered exchange, operating as a broker, and clearing agency. Bittrex had agreed to a $24 million fine in August after filing for Chapter 11 protection in the US bankruptcy court in May. It reopened later, allowing users to withdraw funds after it secured approval from a Delaware bankruptcy court. Advice To Customers The exchange has asked customers with a remaining USD balance in their accounts to convert them to Euros or crypto ahead of the specified date. Failure to do so will see the funds locked up, and rendered inaccessible, it said. The exchange has also cautioned customers against making any deposits to the platform, citing the inability to “guarantee that they will be received safely.” It warned that if funds are sent they “may be permanently lost as a result of the attempted transfer.” Also Read: BNB Price Prediction: BNB Pumps 5% On Potential $4 Billion Justice Department Settlement Deal For Binance, But Why Not Consider This Lower-Risk Cloud Mining Play With 20X Upside Potential? Bitcoin Price Prediction: BTC Tops $37,300 As Ark CEO Cathie Wood Submits Third BTC ETF Amendment, But This Coin Might 10X On ETF Approvals PancakeSwap Price Prediction: CAKE Surges 150% In November As Mysterious Tweet Pulls In Whales. What’s coming on November 22? New Crypto Mining Platform - Bitcoin Minetrix Rating Audited By Coinsult Decentralized, Secure Cloud Mining Earn Free Bitcoin Daily Native Token On Presale Now - BTCMTX Staking Rewards - Over 100% APY Learn More Join Our Telegram channel to stay up to date on breaking news coverage