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Still on a rising trend in Crypto-related resignations, Alexander Höptner has decided to step down as the CEO of BitMEX Less than two years after replacing Arthur Hayes, according to reports.

The Block’s coverage revealed that Höptner has stepped down from its role effective immediately, to be replaced by Stephan Lutz as the Interim CEO of the derivatives exchange.

Lutz will also remain as the company’s CFO.

The German, Höptner, was appointed as the CEO of 100x – the parent company of BitMEX – back in late 2020, as he succeeded Arthur Hayes following the legal troubles against him and other firm founders.

Höptner previously held similar executive roles in the German exchange Giant – Börse Stuttgart GmbH and Euwax AG.

This new development has added Höptner to the ever-growing list of crypto-related executives that left during the ongoing bear market.

Some notable names in the list include Kraken’s CEO – Jesse Powell, Celsius’ CEO – Alex Mashinsky, and MicroStrategy’s Michael Saylor.

By Meekness Nnoka

Blockchain Analyst & Writer with top-notch Technological background. Enjoys reading and writing fascinating crypto contents. 4 years content creating experience.

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