Alexander Hoeptner, ex-CEO of BitMEX, one of the well-established exchanges of the crypto money market, filed a $3.4 million lawsuit against the exchange for breach of contract and wrongful termination.
Former CEO Alexander Hoeptner, who left his post in October 2022, has joined BitMEX. $3.4 million lawsuit opened. As the cause of the case BitMEX’s debts to Hoeptner displayed as. According to Hoeptner, BitMEX itself $2.4 million for second-year bonus and remaining salaries especially relocation costs and shelter total including smaller quantities for 3.4 million dollar is in debt.
In an interview with CoinDesk, Hoeptner explained the details of the debt, “I’m disappointed” he said:
At the direction of the founders and board of directors, I have suspended my personal and family life to manage operations in Singapore and Hong Kong. I am disappointed that it has come to the point where legal action is required, but I am left with no other choice.
Former CEO, during BitMEX tenure hong Kong, Germany and in Singapore found. According to the CEO, he spent during this location change $230,000 The expense was not paid to him by the exchange. In the file submitted by BitMEX lawyers to the lawsuit filed by Hoeptner, these grounds and the demand for 3.4 million dollars were opposed.
BitMEX wrote in a letter to Hoptner on Oct.dishonestly misappropriating approximately $230,000 of the group’s funds to finance his personal and unauthorized relocation from Hong Kong to Germany”, the position of CEO is “terminated without justification” he reported. Due to this claim, BitMEX is no longer available to Höptner. not entitled to any further payment told.
Hoptner’s lawyers in the case file the founding members of the relocation plans. Arthur Hayes and other executives “in various meetings” claimed to have been discussed and approved at the time. In addition, Hoptner, who spoke about his dismissal without giving any reason, made the following statements:
I was hired to grow the company and that’s what we did with the board. We had made a lot of progress and that took my wrongful termination a big surprise.
However, in another file submitted by BitMEX lawyers, it was claimed that Hoeptner was informed that he would not be able to receive the said fees:
Between July 2022 and August 2022, the company was informed that it would not receive its second-year bonus or reimbursement of relocation costs, citing “a comprehensive cost reduction and restructuring program that includes multiple layoffs.”