Arthur Hayes Resigns As BitMEX's CEO
Main page News, Cryptocurrency Exchanges

Cryptocurrency derivatives exchange BitMEX has just announced changes in the management structure of 100x Group, the platform's operator.

BitMEX’s founders Arthur Hayes and Samuel Reed have stepped down from their positions as CEO and CTO, respectively. 100x Group's chief operating officer, Vivien Khoo, who has previously served as chief compliance officer at Goldman Sachs in the Asia Pacific region and has also held positions with the Hong Kong Securities and Futures Commission, will now serve as interim CEO. 100x Group's chairman David Wong said:

"These changes to our executive leadership mean we can focus on our core business of offering superior trading opportunities for all our clients through the BitMEX platform, whilst maintaining the highest standards of corporate governance. 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. It is business as usual for us and we thank all clients for their continued support."

Last week, the US Commodity Futures Trading Commission (CFTC) and the US Department of Justice filed charges against BitMEX, Hayes and other company executives. Among other things, they are accused of breaking the law by registering a derivatives market as well as failing to comply with bank secrecy law requirements.

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