The Seychelles-based major cryptocurrency exchange BitMEX has made some new changes in its leadership team. As per the announcement, the company is bringing a new Chief Executive Officer (CEO) and Chief Technology Officer (CTO) replacing the previous ones which are currently facing charges by the United States Commodity Futures Trading Commission (CFTC).
Arthur Hayes will no longer serve as BitMEX CEO
A week after the cryptocurrency exchange BitMEX’s founders and operators were charged with operating an illegal trading platform, the derivatives exchange has announced new changes in its leadership board.
Arthur Hayes who was working at BitMEX as a Chief Executive Officer (CEO) of the exchange will not serve as the CEO of BitMEX. Apart from this, Samuel Reed who was acting as the Chief Technical Officer (CTO) of the exchange and Ben Delo will also not be able to keep their respective positions any further, as per the announcement.
Now, the Chief Operating Officer of 100x Group Vivien Khoo has been given the responsibility to serve as the new interim CEO. She is working with the company since March 2019. Previously, she has been working with the Hong Kong Securities & Futures Commission as well. While on the other hand, Ben Radclyffe now also has the responsibility to handle financial products and client relationships as well while playing his role as the commercial director.
The Chairman of 100x Group David Wong has said in a statement that the company has got senior members into its leadership who are exceptionally good. Adding more to it, he said that they are making changes into the company’s leadership team so that they could focus on their business which is to operate the BitMEX trading platform and offer users with trading opportunities through it. “It is business as usual for us and we thank all clients for their continued support,” he said.
Three of the co-founding members of the BitMEX exchange Arthur Hayes, Samuel Reed, and Ben Delo were charged with violating regulations on the 1st of October by the US agency. So as the defendants in the United States court, they cannot hold their positions at the BitMEX exchange.