Ousted Bitmex CEO Sues Former Employer for Wrongful Termination

Dec 19,2022
KingData News: Alexander Höptner, the recently ousted CEO of crypto exchange operator Bitmex, filed a $3.4 million claim against his former employer over wrongful termination and breach of agreement. Höptner’s filing to Singapore's High Court today alleges Bitmex carried out a “baseless” internal investigation against him in order to avoid paying out millions of dollars in salary and bonuses. That investigation focused on his relocation from Hong Kong to Singapore, and later to Germany, and concluded that he misappropriated company funds to finance the moves — which served as the alleged basis for his dismissal in late October, according to the claim.
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