Bitmex Owner 100x Group Appoints Alexander Hoptner as CEO, Replacing Arthur Hayes
Following allegations by the US Government of violating the Bank Secrecy Act, 100x Group, the owner of the Bitmex Exchange has replaced founder and first CEO Arthur Hayes with Alexander Hoptner.
Arthur Hayes is currently wanted by the US Government and is still at large, following charges filed in the Southern District of New York against him and other chief executives of Bitmex.
Bitmex is registered in the Republic of Seychelles. The charges stem from offering US investors crypto futures trading services. At the time of the charges, Bitmex had blocked US IP addresses from accessing the website.
Alexander Hoptner was the CEO of Boerse Stuttgart GmbH and Euwax AG. Boerse Stuttgart GmbH is the 2nd largest stock exchange in Germany, and Euwax AG is a major German liquidity provider for Stuttgart. He left his positions to head 100x Group/Bitmex.
This appointment was likely to help Bitmex gain legitimacy among mainstream European investors.
In a statement published by Bitmex, Alex said: “The BitMEX platform forever changed the way we trade cryptocurrency and 100x Group will forever change the way we use modern financial services. I am proud to join 100x Group because I share the global ambition and audacity of its founders and employees to create an ecosystem of cryptocurrency technology that will improve lives. The future of this industry will increasingly belong to those who provide a regulated trading environment that is innovative, liquid, and fair for institutional and retail investors alike. I will ensure 100x Group and the BitMEX platform will continue to play a leading, constructive role in the global development of digital asset markets.”
100x Group Chairman, Dr. David Wong, said: “Alex joins us at a timely moment when the company is undergoing a transformational journey into our next stage of growth and development, and I am confident that with his experience he will make a major contribution. He joins a well-established business with a proud history of innovation, an exceptionally talented team, and the financial resources to invest for the long term. He has been appointed with the full support of the Board and we look forward to seeing Alex take our company to the next level.”
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