The court approved Reed’s appearance bond on October 3 on conditions that he appears for court proceedings and if convicted, he would surrender to serve a sentence.
BitMEX announces leadership changes
On Thursday, BitMEX announced leadership changes at 100x Group, its parent holding company, which was also founded by Reed, Hayes, and Delo.
Hayes and Reed resigned from their positions as CEO and CTO of the company, respectively. Delo will not assume any executive role in the 100X Group. Dwyer took a leave of absence from his position as head of business development.
100X Group’s chief operating officer Vivien Khoo will assume the position of an interim CEO. Before joining the company, Khoo serves as managing director, Asia Pacific Compliance at Goldman Sachs.
Last week, BitMEX issued a statement denying the allegations of the CFTC and the DOJ.
The cryptocurrency trading platform said, “We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”
