US Charges
Last week, the owners of the crypto-derivatives exchange BitMEX were hit with criminal charges by US prosecutors claiming that the exchange has made itself a haven for hackers and illegal transactions.
Changes in Leadership
The exchange was founded in 2014 and Arthur Hayes served as the CEO of the 100x Group (the holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform). This era has come to an end as the CEO and other top executives step down from their roles effective immediately.
Vivien Khoo, Chief Operating Officer at the 100x Group, will be serving as interim CEO whom has been with the company since 2019 after leaving her managerial role at Goldman Sachs. She also worked at the Hong Kong Securities and Futures Commission before that. Ben Radclyffe, as Commercial Director, will be handling more client relationship responsibility as well as overseeing financial product given his experience in the banking system.
100x Group Comments
The Chairman of the 100x Group, David Wong, stated: “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”.
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