The cryptocurrency exchange Bittrex has been claimed for SIM swap fraud. Greg Bennett, a Seattle-based investor, has charged Bittrex for violating its security protocols and making no efforts to check upon burglary. This lead to the loss of 100 bitcoins worth $1 million. As a result, the Department of Financial Institutions declared that Bittrex did not take "reasonable steps to respond" to the complainant's notice and “appears” to have violated its own terms of service.