CEO BitMEX Arthur Hayes and its leadership team have stepped down after U.S. government charges

Crypto derivatives exchange BitMEX has today announced leadership changes, a week after the U.S. government charged its founders.

Arthur Hayes, one of the defendants in the case, who face up to 5 years in jail, is no longer BitMEX CEO. Vivien Khoo, Chief Operating Officer of 100x Group, who joined the company in July 2019, will become Interim CEO, assuming additional operational responsibilities.

The Bitmex team, Arthur Hayes, Samuel Reed, and Ben Delo.

CTO Samuel Reed, who was arrested by the DoJ, have stepped back from all executive management responsibilities with immediate effect.

The two other named defendant, founder Ben Delo, will not hold executive positions in the 100x Group, the parent company of BitMEX. Additionally, Greg Dwyer will take a leave of absence from his role as Head of Business Development.

Ben Radclyffe, as commercial director, will have enhanced responsibilities relating to client relationship handling and oversight of financial products.

David Wong, Chairman of 100x Group, commented, “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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