Bittrex Global CEO Claims SEC’s Accusations are “Wrong” and Defends the Exchange

According to reports, Oliver Lynch, CEO of Bittrex Global, stated in an interview that accusing the cryptocurrency exchange Bittrex Global GmbH of violating local securities laws by the US Securities and Exchange Commission (SEC) was “wrong”. Linch stated that Bittrex Global did not know that it was the subject of an SEC investigation until it received notification that the SEC had “reached a preliminary conclusion”. He added that regulatory authorities did not give Bittrex Global the opportunity to ‘explain the facts’. In addition, Linch claims that the company “never claimed to provide services in the United States” and will vigorously defend its position that it has no customers in the United States. In addition, he also stated that the closure of Bittrex does not affect Bittrex Global’s global operations. “Bittrex is a completely independent legal entity that only provides services in the United States and only provides services to customers in the United States. Global continues to provide services to customers in other regions of the world as usual,” he said

Bittrex Global CEO: The company will defend against SEC charges

The CEO of Bittrex Global, Oliver Linch, recently spoke out regarding accusations made by the US Securities and Exchange Commission (SEC) that the cryptocurrency exchange had violated local securities laws. In an interview, Linch claimed that the allegations were “wrong” and that the company would vigorously defend itself. Linch also expressed frustration over not being given the opportunity to explain their position to regulatory authorities.

The SEC Investigation and Notification

Bittrex Global was not aware that it was the subject of an SEC investigation until the regulatory agency reached a preliminary conclusion and notified them. According to Linch, they were not given the chance to “explain the facts” and refute the allegations.

Lack of Knowledge Regarding US Regulatory Matters

Linch also pointed out that the company had never claimed to provide any services in the United States. He expressed his adamant stance that Bittrex Global has no customers in the United States and will defend its position in court.

No Impact on Bittrex Global’s Global Operations

Linch emphasized that the closure of Bittrex will not affect Bittrex Global’s global operations. He stated that Bittrex is a completely separate legal entity that only provides services in the United States and only caters to US customers. The Global entity continues to provide its services to customers worldwide as usual.

The Future of Bittrex Global

Despite the setback, Linch remains confident in Bittrex Global’s future. He reiterates that the company remains committed to providing high-quality services and will continue to operate according to international laws in the jurisdictions where it conducts business.

Conclusion

In light of the recent allegations made against Bittrex Global, CEO Oliver Linch has come forward to defend the exchange’s reputation. He claims that they had no knowledge of the investigation and were never given the opportunity to explain their case. Furthermore, Linch is adamant in asserting that the company does not cater to US customers and, therefore, does not violate local securities laws. Bittrex Global plans to mount a robust defense of its position in court and remains committed to providing top-quality services to customers globally.

FAQs

1. What is Bittrex Global, and what services do they provide?
Bittrex Global is a cryptocurrency exchange, which provides a platform for trading various digital currencies.
2. Can Bittrex Global operate globally despite allegations made by the SEC?
Yes, according to Oliver Linch, the SEC’s accusations against Bittrex Global will not impact the company’s global operations.
3. What steps will Bittrex Global take to defend its position against the SEC’s allegations?
Bittrex Global plans to mount a vigorous defense in court and maintain that they do not violate local securities regulations.