{"id":59629,"date":"2022-04-05T15:06:00","date_gmt":"2022-04-05T12:06:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59629"},"modified":"2025-09-04T22:54:38","modified_gmt":"2025-09-04T19:54:38","slug":"media-bitmex-to-lay-off-a-quarter-of-its-staff","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-bitmex-to-lay-off-a-quarter-of-its-staff\/","title":{"rendered":"Media: BitMEX to lay off a quarter of its staff"},"content":{"rendered":"

The cryptocurrency derivatives exchange BitMEX will cut its staff by a quarter. This was reported by The Block<\/a>.<\/p>\n

According to the publication, the company currently has 300 employees, so around 75 will be laid off. The management assured the workforce that the platform will continue to operate normally.<\/p>\n

One BitMEX source told reporters that former chief executive Arthur Hayes, having left<\/a> his post after a lawsuit filed by a U.S. regulator, continues to exert influence over the company. In particular, he is involved in cost-cutting and in launches of new products that go beyond cryptocurrency derivatives trading.<\/p>\n

In spring 2021, BitMEX’s then-chief<\/a> Alexander Heptner presented<\/a> an updated development strategy for the platform, according to which it should become a leading global cryptocurrency exchange. In particular, spot trading and crypto custody services should be introduced on the platform.<\/p>\n

Earlier, a BitMEX-affiliated company refused<\/a> to acquire the German Bankhaus von der Heydt.<\/p>\n

Earlier, cofounder Samuel Reed pleaded guilty<\/a> to violating the Bank Secrecy Act in the United States. Before him, other founders Arthur Hayes and Benjamin Delo admitted to the same.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full feed of news, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

BitMEX, the cryptocurrency derivatives exchange, will cut its staff by a quarter. Management assured employees that the platform will continue to operate normally.<\/p>\n","protected":false},"author":1,"featured_media":59630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[788,1168],"class_list":["post-59629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmex","tag-crypto-derivatives"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59629"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59629\/revisions"}],"predecessor-version":[{"id":59631,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59629\/revisions\/59631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59630"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}