BitMEX founders step down! BitMEX founders step down from their executive roles after being charged by US authorities.
In a blog post Thursday, 100x – the holding group for BitMEX operator HDR Holdings – announced founders Arthur Hayes and Samuel Reed have “stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect.”
The new Interim CEO is Viven Khoo – while Ben Radcliffe, the commercial director, will take on a supporting role with client relationship and oversight of financial products.
Ben Delo, Hayes, and Reed will no longer hold executive positions within 100x Groip. Greg Dwyer will also be taking a leave of absence.
“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,” said David Wong, chairman of 100x Group, in the post.
The CFTC has charged the former executives, alleging the platform had offered US customers illicit crypto derivative trading services. Users of BitMEX have been rushing to withdraw their funds since the news.
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