U.S. Authorities BitMEX Exchange With Regulatory Issues.

The operator of cryptocurrency derivatives exchange BitMEX has revealed a sweep of its top leadership after U.S. authorities charged its founders with failing to stop money laundering & operating an unregistered trading platform illegally.

Earlier on 8th Oct., BitMEX’s operator, 100x Group, revealed that the exchange’s three co-founders, all of whom were charged within the case, will not hold executive roles at 100x: Arthur Hayes, Samuel Reed, and Ben Delo. Greg Dwyer, the 4th executive to be charged, will take a leave of absence from his role as head of business development.

To replace Hayes, 100x Group has revealed a new interim CEO, Vivien Khoo. Khoo was so far 100x Group’s CEO. She first joined the firm earlier in last year, after serving as a managing director, Asia-Pacific compliance, at Goldman Sachs, and features a background at the Hong Kong Securities & Futures Commission.

100x Group commercial director Ben Radclyffe will combat expanded responsibilities for client relationship handling and oversight of monetary products. Radclyffe has 20 years’ experience in finance and trading at Deutsche Bank, UBS & Tower Research Capital.

Within an official comment, 100x Group chair David Wong has revealed that the leadership “are well-placed to continue the expansion & development of the 100x Group, along with the completion of the BitMEX User Verification Programme,” adding:

“It is business as common for us and we thank all users for their continued support.”

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