The parent company of BitMEX, 100x Group company, appointed former Börse Stuttgart Executive as the new CEO, a few months after Arthur Hayes left the company. In today’s crypto news, we are reading more about it.
The 100x Group company is the parent company of the popular crypto exchange BitMEX and they have appointed a new CEO. Alexander Hoptner, who worked as an executive at Börse Stuttgart will now serve as the company’s CEO, a few months after Arthur Hayes left the company. 100x Group is a holding organization for HDR global Trading Limited and the owner and operator of BitMEX. The company announced earlier today about their new CEO, Alexander Hoptner.
The statement read that he will be replacing the interim Chief Executive Officer Vivien Khoo starting in January 2021. Khoo took over the position back in October after replacing Arthur Hayes who stepped down when the US Commodity and Futures Exchange Commission brought charges against him for illegally operating the crypto derivatives exchange. Hoptner will report directly to the Chairman of 100x Group, David Wong, and will also join the board of directors.
Hoptner served as the CEO at Börse Stuttgart GmbH and Euwax AG since 2018. The second-biggest stock exchange in Germany was proactive in terms of digital asset adoption during his time and even launched a regulated trading platform in 2019 by adding a tracker due to the inverse performance of Bitcoin in 2020. Hoptner commented:
“ The BitMEX platform forever changed the way we trade crypto and the 100X Group will forever change the way we use modern financial services. 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.”
As reproted previously, HDR Global Trading Limited which is the company behind the infamous BitMEX exchange faced one more lawsuit for being accused of illicit activities by DOJ and CFTC. This time, the plaintiff seeks compensation of $50 million according to the attorneys. This time, the plaintiff seeks compensation of $50 million and among the defendants, is the key player of the exchange Arthur Hayes and Samuel Reed.
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