New leadership to take over the BitMEX exchange following charges from the CFTC

Quick take

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• It’s been a hectic week for the BitMEX platform. 

• United States authorities recently charged its founders with failing to integrate any anti-money-laundering protocols as well as KYC operations.

It’s been a hectic week for the BitMEX crypto platform. United States authorities recently charged its founders with failing to integrate any anti-money-laundering protocols as well as KYC (know your customer) operations. All three co-founders of the platform were charged in this case including Arthur Hayes, Samuel Reed and Ben Delo. Earlier today, on the 8th of October though, the operator of the exchange, 100x group announced that the three co-founders will no longer hold executive rules at 100x.

Replacing Hayes is the newly announced interim Chief Executive Officer, Vivien Khoo who was previously acting as the 100x group chief operating officer (COO). She initially joined the company last year in 2019 after serving as managing director at Goldman Sachs, one of the biggest companies in the world. With a background at the Hong Kong securities and futures commission, it seems that Khoo is fit for the role.

The chairman of 100x group made an official comment on the matter saying that the leadership are “well placed to continue the growth and development of the 100x group“ going on to say "It is business as usual for us and we thank all clients for their continued support.”

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