BitMEX CEO Arthur Hayes Steps Down Following Criminal Charges

Share this article

Following civil and criminal charges brought up by the CFTC and Department of Justice, Bitcoin derivatives exchange BitMEX has announced major leadership changes to its platform. 

BitMEX Appoints New C-Suite Members

The famous Arthur Hayes has stepped down as the CEO of BitMEX. Samuel Reed, the second co-founder and CTO of the exchange, has stepped back as well. The third co-founder, Ben Dilo, does not hold any position at the exchange. 

The fourth person included in the legal filings is Greg Dwyer, who was BitMEX’s first employee. Dwyer has also taken a “leave of absence” from his role as the head of business development. 

The board of BitMEX’s parent company, 100x Group, has promoted chief operating officer Vivien Khoo as the new CEO. Khoo has previously worked with Goldman Sachs and the Securities and Futures Commission in Hong Kong. 

Commercial director Ben Radclyffe will take over the responsibilities of Reed. 

The Chairman of 100x group said

“We have an exceptional senior leadership team who are well-placed to continue the growth and development of the 100x Group, including completion of the BitMEX User Verification Programme (details here). It is business as usual for us and we thank all clients for their support.”

The volume of open interest, however, has continued to drop on BitMEX since the legal fillings. It is currently only at 40,000 BTC. 

Meanwhile, Binance, Gemini, and Kraken received a major portion of the outflow from BitMEX. 


Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article