Arthur Hayes steps down as BitMEX CEO after U.S. regulator’s lawsuit

A week after filing of a lawsuit by the U.S. Commodity Futures Trading Commission (CFTC) against BitMEX and its founders, the crypto-derivatives exchange announced a leadership change.

Changes have been made to the leadership of 100x Group, effective immediately. We’ve posted the details on our blog: https://t.co/d9fbwOydJQ

— BitMEX (@BitMEX) October 8, 2020

Two defendants in the suit, Arthur Hayes and Samuel Reed, stepped down from the posts of CEO and CTO of the exchange operator 100x Group, respectively.

Vivien Ku, who had held the position of chief operating officer, will become interim CEO.

According to the statement, Hayes, Reed, and another co-founder of the exchange, Ben Delo, will not hold any positions in the company. Greg Dwyer, head of business development, will take a leave of absence. He, like the three BitMEX co-founders, has been charged by the U.S. Department of Justice with violations of the U.S. Bank Secrecy Act.

As previously noted, following BitMEX’s regulatory troubles, analytics firm Chainalysis classified the exchange as high-risk platforms.

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