According to a court filing, former BitMEX CEO Alexander Hoeptner has filed a $3.4 million lawsuit against the cryptocurrency derivatives platform for breach of contract and wrongful termination.
Hoeptner joined the Seychelles-registered exchange in January 2021. At that time, the founders of BitMEX, HDR Global Trading Limited, were accused of facilitating unregistered trading. He was previously reported to have left the company in October 2022, but no further details were provided.
Alexander Hoeptner claims BitMEX owes him $3.4 mln
Hoeptner now claims to have received a letter of termination citing, among other things, misuse of funds and failure to perform duties. According to the court filing, BitMEX owes Hoeptner a total of $3.4 million, including $2.4 million for his second-year bonus and smaller amounts for remaining wages, relocation expenses, and housing. Hoeptner relocated several times as CEO of BitMEX, dividing his time between Hong Kong, Germany, and Singapore.
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