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Seattle Regulators Reverse Ruling That Cryptocurrency Exchange Bittrex Had Violated State Banking Rules
Summary: Bellevue venture capitalist Gregg Bennett’s lawsuit against cryptocurrency exchange Bittrex has lost backing from Seattle regulators, according to new outlet the Seattle Times. On Monday the state Department of Financial Institutions (DFI) alerted the company that they have reversed their ruling that Bittrex had violated state banking rules by not reacting to Bennett’s complaint he’d been ...
Bellevue venture capitalist Gregg Bennett’s lawsuit against cryptocurrency exchange Bittrex has lost backing from Seattle regulators, according to new outlet the Seattle Times.
On Monday the state Department of Financial Institutions (DFI) alerted the company that they have reversed their ruling that Bittrex had violated state banking rules by not reacting to Bennett’s complaint he’d been hacked quick enough. Bennet had used the courts original findings to strengthen his case.
This lawsuit stems from an incident back in April of 2019, where Bennet alleges that hackers stole nearly $1 million dollars of Bitcoin from his account.
By Ramsey Baker
Tags: Bellvue,Bittrex,DFI,Seattle regulators
Link: Seattle Regulators Reverse Ruling That Cryptocurrency Exchange Bittrex Had Violated State Banking Rules [Copy]
