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BitMEX has announced that Arthur Hayes is no longer the CEO of the exchange, temporarily being replaced by 100x Group COO Vivien Khoo, according to a statement published on October 8.
Arthur Hayes has been replaced by Viven Khoo, following the two cases that BitMEX is facing in the United States
CTO Samuel Reed, co-founder Ben Delo and Greg Dwyer, who are all also named in the SEC lawsuit, will also step down from their respective positions
BitMEX has taken these decision in order to continue operating the exchange as normal, which has come under fire for a lack of KYC/AML procedures
The exchange has seen an exodus of users following the announcement of the cases in early October, with over 45,000 Bitcoin having been withdrawn