Crypto exchange BitMEX has laid off 75 workers in a move that comes shortly after plans by a company founded by BitMEX’s CEO and CFO to buy one of Germany’s oldest banks fell through.
- “BitMEX has made changes to our workforce in order to streamline for the next phase of our business,” a BitMEX spokesperson told CoinDesk Monday in an email. “Our top priority is to make sure all employees who will be impacted have the support they require.”
- “The BitMEX platform will continue to operate as normal, and we will not be commenting further at this time,” the spokesperson added.
- A source familiar with the matter said that the layoffs would become effective at the end of April and represented roughly 25% of BitMEX’s workforce. After the cuts, Seychelles-based BitMEX’s global headcount will be 225 people, the source said.
- In February, BitMEX founders Arthur Hayes and Benjamin Delo pleaded guilty to violating the U.S. Bank Secrecy Act (BSA). They were accused of operating with poor anti-money laundering (AML) protocols.
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