100x Group, the holding group for HDR Global Trading Limited, owner and operator of the embattled BitMEX cryptocurrency derivatives platform, named Alexander Hoptner as the CEO.

• Announced Tuesday, Hoptner will become head of the Seychelles-registered holding group, effective January 2021.
• Hoptner is the former CEO of the German stock exchange Borse Stuttgart GmbH and more recently liquidity provider Euwax AG, which he has led since 2018. 
• The reshuffle from the group's head comes at a time when 100x's original founders have been embroiled in a civil lawsuit over allegations of facilitating unregistered trading and other violations.

See also: BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls