BitMEX exchange operator shuffles leadership in wake of criminal charges
BitMEX's operator has allocated new leadership roles with immediate effect. The operator of crypto derivatives exchange BitMEX has announced a sweep of its top leadership, after United States authorities charged its founders with failing to prevent money laundering and operating an unregistered trading platform illegally. On Oct. 8, BitMEX's operator, 100x Group, announced that the exchange's three co-founders, all of whom were charged in the case, will no longer hold executive roles at 100x: Arthur Hayes, Samuel Reed and Ben Delo. Greg Dwyer, the fourth executive to be charged, will take....
Related News
Arthur Hayes, chief executive officer of bitcoin derivatives exchange Bitmex, is stepping down from his position a week after U.S. prosecutors filed criminal charges against him. Hayes is leaving together with other top executives who are facing similar charges. Bitmex CEO Arthur Hayes. The company announced on Thursday that Hayes and chief technical officer Samuel Reed – the latter who was arrested by the U.S. Department of Justice (DoJ) recently – have stepped back from all executive management responsibilities with immediate effect. Greg Dwyer, head of business development,....
Bitcoin outflows from prominent crypto derivatives exchange BitMEX are already up in the wake of charges from U.S. agencies announced Thursday.
Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual. In a blog post published Thursday afternoon, Bitmex lashed out at charges that the Commodity Futures Trading Commission and Department of Justice filed against the exchange and its management earlier today.Bitmex's statement claimed that "From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance."What exactly "applicable U.S. laws" are will likely be....
Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U.S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences. One of the Bitmex founders has already been arrested. Bitmex and Owners Charged in US Federal prosecutors and the Commodity Futures Trading Commission (CFTC) independently announced parallel actions against the cryptocurrency derivatives trading platform Bitmex and its owners on Thursday. The CFTC has charged five entities and three....
The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. The operator of crypto derivatives exchange BitMEX, 100x Group, has hired a seasoned Anti-Money Laundering (AML) specialist, Malcolm Wright, as its chief compliance officer.In an announcement on Oct. 12, the 100x emphasized Wright's profile as the current chairman of the Advisory Council and AML Working Group at Global Digital Finance, and as a speaker covering key topics that include the Financial Action Task Force's....