Cryptocurrency exchange BitMEX has lost its chief executive officer (CEO) and chief financial officer (CFO) in a wave of executive resignations.
Privately held BitMEX, which is a crypto derivatives exchange, said its Chief Growth Officer has also left the company effective immediately.
BitMEX is a troubled exchange that announced earlier this year that it was putting itself up for sale. However, no buyers have emerged for the company.
Now, CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky have left BitMEX.
The company said that former Chief Operating Officer (COO) Peter Wilkinson has taken over as CEO in the wake of the executive departures.
The crypto exchange was co-founded in 2014 by entrepreneur and social media influencer Arthur Hayes.
In 2020, BitMEX was accused of failing to implement adequate anti-money laundering measures and later pleaded guilty to the charges.
Hayes and other executives at BitMEX resigned after the U.S. brought criminal charges against the company.
The latest round of executive departures comes as BitMEX tries to streamline its operations and costs and appear more attractive to prospective buyers.
As a private company, BitMEX’s stock does not trade on a public exchange.
