Cryptocurrency exchange BitMEX laid off about a quarter of its staff just days after rejecting its acquisition of a German bank.
The company now employs about 300 people. Thus, the company has laid off at least 75 employees.
“Each of them has been instrumental in BitMEX’s remarkable journey from a small startup to one of the world’s leading crypto exchanges. The BitMEX platform will continue to operate as normal and we will not comment further at this time,” the company said.
A few weeks ago, BitMEX co-founders Arthur Hayes, Ben Delo and Samuel Reed pleaded guilty to violating the U.S. Bank Secrecy Act and agreed to pay criminal fines of $10 million each. In October 2020, they were charged with illegal use of a crypto derivatives platform and violating U.S. anti-money laundering regulations.