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BitMEX exchange operator shuffles leadership in wake of criminal charges

BitMEX exchange operator shuffles leadership in wake of criminal charges

The operator of crypto derivatives change BitMEX has introduced a sweep of its high management, after United States authorities charged its founders with failing to forestall cash laundering and working an unregistered buying and selling platform illegally. 

On Oct. 8, BitMEX’s operator, 100x Group, introduced that the change’s three co-founders, all of whom had been charged within the case, will not maintain govt roles at 100x: Arthur Hayes, Samuel Reed and Ben Delo. Greg Dwyer, the fourth govt to be charged, will take a go away of absence from his position as head of enterprise growth.

To interchange Hayes, 100x Group has introduced a brand new interim CEO , Vivien Khoo. Khoo was till now 100x Group’s chief working operator. She first joined the corporate in 2019, after serving as managing director, Asia-Pacific  compliance, at Goldman Sachs, and has a background on the Hong Kong Securities and Futures Fee.

100x Group industrial director Ben Raddclyffe will tackle expanded obligations for consumer relationship dealing with and oversight of monetary merchandise. Radclyffe has 20 years’ expertise in finance and buying and selling at Deutsche Financial institution, UBS and Tower Analysis Capital.

In an official remark, 100x Group chair David Wong has stated the management “are well-placed to proceed the expansion and growth of the 100x Group, together with completion of the BitMEX Consumer Verification Programme,” including: 

“It’s enterprise as common for us and we thank all shoppers for his or her continued assist.”

For extra perception into the numerous challenges that BitMEX’s “enterprise as common” might face, and its intersection with wider regulatory developments in crypto, you possibly can make amends for Cointelegraph’s protection of the case because it unfolded earlier this week. 

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