Crypto News
4 years ago

BitMEX Aftermath: Arthur Hayes Will Step Down Immediately As 100X CEO

George Georgiev Oct 8, 2020 09:09
Arthur Hayes will be stepping down as the CEO of 100x - the company operating the popular cryptocurrency derivatives platform BitMEX effective immediately.
  • Following the fiasco between the United States Commodity and Futures Trading Commission and BitMEX – one of the world’s largest crypto derivatives platform, there will be major shifts in the executive management of the latter. 

 

  • As per an official announcement published today, October 8th, Arthur Hayes, the well-known CEO of the company operating BitMEX, will be stepping down. In his place, Vivien Khoo, who’s currently the Chief Operating Officer at 100x Group, will become the interim CEO. She’s would also assume additional operational responsibilities. 

 

  • Going forward, Samuel Reed, the Chief Technology Officer, has also stepped down. The fellow founder Ben Delo isn’t going to hold any executive position as well. 

 

  • Meanwhile, Greg Dwyer, the former Head of Business Development, will also take a leave of absence from his role. All of the above changes are to take effect immediately. Moreover, the release says that the senior leaders within the technology team will continue the day-to-day management of the platform. 

 

  • Commenting on the matter was David Wong, Chairman of 100x Group, who 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.”

 

  • As CryptoPotato reported earlier, the US CFTC charged the owner-operators of BitMEX with illegally running a cryptocurrency derivatives exchange and multiple breaches of the US Bank Secrecy Act. 
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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

Tags: Arthur HayesBitMEX

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