100x – the holding group of its parent company Bitmex – announced the appointment of a new permanent CEO in response to allegations in October against the exchange’s founders, including 100x and former Bitmex CEO Arthur Hayes.

On December 1, the 100x announced that former Deutsche Boerse CEO Borse Stuttgart GmbH Alexander Hoptner would take over as CEO in January 2021. Hauptner would also sit on the 100x Board of Directors and report directly to Group Chairman David Wong. The new CEO stated 100x:

“I am proud to join the 100x group because I share the global ambition and courage of its founders and employees to create an ecosystem for cryptocurrency technologies that will improve lives. The future of this industry will increasingly belong to those who offer an innovative, fluid, and fair business environment for institutional and private investors. ”
Hauptner replaced the current interim CEO 100 times with Vivian Koo, who was promoted from CEO on October 8 as Hays’ emergency replacement.

The indictment issued by the US Department of Justice and the Commodity Futures Trading Commission on October 1 charged BitMEX founders Arthur Hayes, Ben Delo, Samuel Reed and Gregory Dwyer of violating US money laundering laws and providing illegal derivatives to US clients. On October 8, the defendants refused to perform their duties 100 times.

Samuel Reed was arrested on October 1 and released the following week after a $ 5 million bond was issued. The US authorities did not arrest any of the remaining suspects. Hayes is expected to remain in Hong Kong. In August, the region suspended the extradition treaty with the United States.

Source: CoinTelegraph

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