What happened to BitMEX?

BitMEX was the first crypto exchange to be charged under the Bank Secrecy Act. The laws require that transactions that are over $10,000 be reported. It is known as Know Your Customer (KYC) information. Hayes stepped down from BitMex in October 2020. Alexander Hoptner replaced Hayes as CEO of BitMEX.

Who replaced Steve Hayes as CEO of BitMEX?

Alexander Hoptner replaced Hayes as CEO of BitMEX. In April 2021, Hayes surrendered to United States authorities in Hawaii, and was released on bail.

Is BitMEX bucking regulations?

He accused the company of bucking regulations, insisting that with BitMEX, “everybody gets rekt,” with the exception of Hayes and his colleagues, who, Roubini said, reap commissions and fees and maintain a liquidation fund that profits off of people going bankrupt. Hayes countered with whataboutism: “BitMEX. One hundred times leverage. So what?

Who started the bitcoin Mercantile Exchange (BitMEX)?

Hayes, Delo, and Reed began working in earnest on what they termed the Bitcoin Mercantile Exchange (BitMEX). Arthur Hayes was the CEO, Ben Delo the COO, and Sam Reed the chief technology officer (CTO).