Amid the cryptocurrency winter, the CEO of the cryptocurrency exchange BitMEX resigned. The resignation of CEO of Bitmax has led to the “great resignation” of cryptocurrency CEOs.



Cryptocurrency media “The Block” announced on the 25th (local time) that Alexander Hoptner, CEO of BitMex, resigned. Alexander Hoptner immediately stopped working as CEO, and Chief Financial Officer (CFO) Stephen Lutz will serve as interim CEO.



Alexander Hoptner joined BitMex’s parent company, 100x, as CEO in late 2020 and was appointed CEO of BitMex in January 2022. At the time of Alexander Hoptner’s appointment, Bitmex’s co-founder and CEO Arthur Hayes was sued by the U.S. Commodity Futures Trading Commission (CFTC) and the Ministry of Justice, creating a management vacuum.



Before joining BitMex, Alexander Hoptner was serving as CEO of Euewax AG, a cryptocurrency subsidiary under the German stock exchange. Alexander Hoptner took over the position of Vivien Khoo, who served as interim CEO with the 100x joining.



Alexander Hobtner’s resignation was attributed to the harsh “cryptocurrency winter” that has continued since the beginning of this year. In particular, BitMex’s share, which was established in 2014 and had a significant share in the cryptocurrency exchange market, seems to have also been pushed back to Binance, FTX, and CME.



Alexander Hoptner resigned, leading to a CEO resignation rush following the cryptocurrency winter. Currently, CEOs are resigning for various reasons as well as management failures in the cryptocurrency industry.




In fact, even before Alexander Hoptner, Genesis CEO Michael Moro, Microstretty CEO Michael Sey, and Kraken CEO Jesse Powell resigned. Sam Travuko, co-CEO of Alamedarisearch, and Brett Harrison of FTX US have also resigned for personal reasons.