Bittrex settles with the SEC for $24 million

Bankrupt crypto exchange Bittrex settled with the Securities and Exchange Commission for $24 million after the agency charged it in April for operating as an unregistered exchange.

The exchange did not admit or deny allegations, according to a court document filed on Thursday.

Bittrex filed for Chapter 11 bankruptcy protection in May. When filing for bankruptcy, Bittrex said it had assets and liabilities each estimated to be worth between $500 million and $1 billion.

Bittrex had said earlier in March that it was pulling out of the U.S.

The company had been one of the largest exchanges in the U.S., with a market share of USD support of nearly 23% at the start of 2018, according to data from The Block.