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Bittrex seeks to revoke the $24 million settlement agreement, requesting refunds from the SEC
Deep Tide TechFlow News. On May 07, according to Decrypt, the cryptocurrency exchange Bittrex—now closed—filed a motion with a federal judge this week, seeking to overturn its $24 million settlement agreement with the SEC reached in 2023, and requesting that the SEC refund the fine in full.
In the motion, Bittrex’s attorneys noted that when the SEC brought the lawsuit, it found that the relevant crypto tokens were unregistered securities; but after the Trump administration took office, the SEC publicly acknowledged that the legal theory was flawed and withdrew nearly all similar cases in succession, with only the Bittrex case remaining pending. Bittrex argues that this is unfair and is requesting equal treatment.
It is worth noting that the SEC initiated procedures in March 2026 to transfer the $24 million to the Treasury Department for compensation to affected customers. Bittrex’s attorneys are urgently requesting the court issue a return order before the funds are transferred. The SEC currently refuses to comment on the matter.