Amidst ‘Business as Usual’ BitMEX Founder Arthur Hayes Steps Back as the CEO

In a seeming attempt to appease the regulators, the crypto derivatives platform BitMEX has announced changes to its leadership.

“Founders Arthur Hayes and Samuel Reed have stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect.”

As per the latest announcement, Vivien Khoo, the COO of 100x Group, the holding group of HDR Global Trading Ltd., the owner, and operator of BitMEX, will now be the interim CEO. Previously she worked at Goldman Sachs and has held positions at the Hong Kong Securities & Futures Commission.

The decision has been made with the “full approval of the Founders” following the CFTC and DOJ’s criminal charges against BitMEX and its founders.

Founder Ben Delo won't hold the executive position either while Greg Dwyer has taken a leave of absence from his Head of Business Development role.

“It is business as usual for us,” said David Wong, Chairman of 100x Group. Adding,

“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.”

“This doesn't paint a pleasing light for bitmex at all,” said trader Loomdart. “Looks like mex is trying to appease regulators.”

For now, the price of Bitcoin is holding steady above $10,750 with the news of Jack Dorsey's Square buying $50 Million in BTC, currently in the green just over $1 billion in ‘real’ trading volume.

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