BitMEX creators Arthur Hayes, Samuel Reed step down following ‘management modifications’
Popular crypto-exchange BitMEX today revealed a substantial modification in management, an action that comes over a week after the CFTC submitted charges versus it.According to the statement, the modifications will be made with regard to the management of the 100x group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform.Following charges being submitted versus creators Arthur Hayes and Samuel Reed for breaking the Bank Secrecy Act, the duo has actually formally stepped back from their functions and duties as CEO and CTO, respectively, efficient right away. BitMEX included,”Our senior leaders within our innovation group will continue the daily management of the BitMEX platform, consisting of continuous efforts to improve the efficiency of the platform. The interim CEO has actually formerly worked with conventional financing giant, Goldman Sachs, as Managing Director, Asia Pacific Compliance, while likewise holding a position at the Hong Kong Securities and Futures Commission prior to that.This is a substantial advancement because the market appeared to have actually lost excellent interest in BitMEX’s services following the CFTC’s statement.
