BitMEX Founders Hayes, Reed Resign Days After DOJ Files Charges

Oct. 9, 2020, 11:36 AM

The founders of cryptocurrency trading giant BitMEX have resigned their executive roles after being charged by U.S. authorities with skirting laws preventing money laundering.

Arthur Hayes and Samuel Reed have stepped back from their chief executive officer and chief technology officer roles respectively, the firm said in a statement on Thursday.

The pair and fellow founder Ben Delo will also leave executive roles in 100x Group, the holding vehicle for HDR Global Trading Limited, owner and operator of the BitMEX platform. Vivien Khoo, chief operating officer, will become interim CEO.

U.S. federal prosecutors claimed the digital-asset exchange served American ...

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