Deposed Ex-BitMEX CEO Sues BitMEX for $3.4 Million

According to The Block, Alexander Höptner, the former CEO of Bitmex, filed a $3.4 million claim against the crypto exchange operator today for wrongful termination and breach of the agreement.

According to documents submitted by Alexander Höptner, BitMEX conducted a “baseless” internal investigation on him to avoid paying millions of dollars in salary and bonuses. The BitMEX investigation focuses on Alexander Höptner’s move from Hong Kong to Singapore and later to Germany, and believes he misappropriated company funds to facilitate the relocation.

Lawyers for Alexander Höptner called the company’s allegations “completely baseless” and said Bitmex owed him $3.4 million, plus damages. That figure includes a “second-anniversary bonus” of $2.4 million, wages, and housing and education allowances.


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