Coinbase Stock Drops After SEC Sues Crypto Exchange

Shares of Coinbase fell 15% in premarket trading Tuesday after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law. The SEC charged Coinbase for operating as an unregistered securities exchange, broker and clearing agency.

• 2023-06-06
• SEC Coinbase unregistered securities exchange premarket trading

Crypto exchange Bittrex files for bankruptcy after SEC complaint

(Reuters) -Crypto exchange Bittrex Inc filed for bankruptcy protection on Monday, three weeks after the U.S. Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange. Bittrex ceased operations in the United States on April 30, and it said the bankruptcy filing would not impact Bittrex Global, which serves customers outside the United States. Bittrex said that it was still holding crypto assets of U.S. customers who did not withdraw funds before April

• 2023-05-09
• bankruptcy filing Bittrex Bittrex Global unregistered securities exchange U.S. Securities and Exchange Commission