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Alexander Höptner, the head of cryptocurrency exchange BitMEX, has stepped down as its Chief Executive, The Block reports, citing a spokesperson for the exchange.

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As of press time, BitMEX made no official statements regarding the matter. It is unclear, why Höptner decided to leave the company, having spent on his role two years. A spokesperson for BitMEX said that Stephan Lutz will replace Höptner as Interim CEO.

Lutz said in a commentary to media that he "will make sure that BitMex continues to deliver great, innovative crypto trading products and a secure and stable trading environment for our clients."

BitMEX's Hayes Avoids Jail for Violating Bank Secrecy Act

Höptner joined BitMEX in January 2021, after Co-Founder and CEO Arthur Hayes had to leave the company due to lawsuits from the Commodities Futures Trading Commission and Department of Justice.

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