BitMEX CEO Alexander Hoeptner resigns, CFO Stephan Lutz appointed interim CEO LeapRate

October 26, 2022 BY Steffy Bogdanova

BitMEX CEO Alexander Hoeptner resigns, CFO Stephan Lutz appointed interim CEO

BitMEX has not revealed the reasons behind the Hoeptner’s departure, only noting that it takes “immediate effect”. Hoeptner joined the exchange in January 2021, replacing Vivien Khoo as interim CEO. He became full-time CEO following co-founder Arthur Hayes stepping down after criminal charges were brought against him. Founded in 2014, BitMex has in recent years…

October 04, 2022 BY Steffy Bogdanova

BitMEX gains regulatory approval in Italy

Alexander Höptner, CEO of BitMEX, commented: This is a major step in our regulatory journey as we seek to become regulated in key jurisdictions around the world, validating that we are operating in line with Italian anti-money laundering regulatory requirements. These steps we are taking are also recognition of the importance of having a clear…

June 16, 2022 BY Steffy Bogdanova

BitMEX co-founder Benjamin Delo gets probation

The saga began in October 2020, when the CFTC filed a complaint against BitMEX trading platform and its co-founders for operating the business from the US without any license. Two other co-founders of BitMEX, Arthur Hayes and Samuel Reed, have also pleaded guilty to defying AML rules. Hays was already sentenced in May to serve…

May 06, 2022 BY Steffy Bogdanova

BitMEX co-founders to pay $30 million fine

The crypto exchange offered services to US residents without approval from CFTC to operate as a Designated Contract Market (DCM) or a Swap Execution Facility (SEF). The company also operated as a Futures Commission Merchant (FCM) without registration. Moreover, it failed to implement customer information program (CIP) and know-your-customer (KYC ) procedures, as well as…

March 10, 2022 BY Steffy Bogdanova

Third co-founder of crypto exchange BitMEX pleads guilty to US bank security act violations

Reed entered his guilty plea yesterday and will be sentenced by the US District Court. The other two co-founders of BitMEX, Arthur Hayes and Benjamin Delo, plead guilty for the same offense in February 2022. As part of their plea agreements, both Hayes and Delo each agreed to pay $10 million criminal fine. Background Established…

February 25, 2022 BY Steffy Bogdanova

BitMEX founders Arthur Hayes, Ben Delo plead guilty to defying AML rules

US Attorney Damian Williams said: As cryptocurrencies and technologies designed to facilitate their trade proliferate, companies engaged in the virtual currency economy have become critical gatekeepers in efforts to ensure that U.S. markets are fair, efficient, and secure. The opportunities and advantages of operating in the United States are legion, but they carry with them…

January 06, 2022 BY Steffy Bogdanova

BitMEX teams up with Tokeny to launch BMEX

Users will be able to earn as much BMEX as possible through participation in contests and giveaways for a limited time period. Alexander Höptner, CEO of BitMEX, commented: We chose to partner with Tokeny - one of the global leaders in the tokenisation technology space - to guide us in developing and issuing BMEX in…

December 22, 2021 BY Steffy Bogdanova

BitMex announced native crypto coin BMEX

BitMEX users can earn BMEX based on trading volumes at the exchange and the generated fees. The company detailed that there will be a maximum supply of 450 million BMEX tokens. They will be vested over a period of 5 years. BitMEX explained: The large majority of BMEX will be spent to reward users and…

November 04, 2021 BY Steffy Bogdanova

BitMEX hires Michele Bertacco as Chief Marketing Officer

At BitMEX Bertacco will lead the company’s marketing function, which includes customer acquisition, brand and communication, user experience, and customer engagement spheres. BitMEX highlighted in the announcement that Bertacco is extremely well-suited to manage the company's principal partnership with AC Milan as he has in previous experiences, partnering with it and other legendary clubs in…

August 11, 2021 BY Steffy Bogdanova

BitMEX ordered to pay $100 million for illegal operation of a cryptocurrency trading platform

The US watchdog found that from November 2014 to October 2020 BitMEX offered leveraged trading of cryptocurrency derivatives to retail and institutional customers in the US, while operating as a common enterprise. BitMEX was aware that US customers could access the BitMEX platform. CFTC also found that US customers placed orders directly through BitMEX’s user…

Tag: BitMEX