BitMEX’s Former CEO Has Filed a Lawsuit Against The Company for Wrongful Termination

Alexander Hoptner, the former CEO of Bitmex, filed a $3.4million wrongful termination and breach-of-contract claim against the cryptocurrency exchange operator today. Bitmex withheld salaries and bonuses after firing Hoptner. The business is accused of using corporate funds to facilitate relocations in Singapore and Germany. Hoptner filed today at Singapore’s High Court a $3.4million wrongful termination and breach-of-contract claim. According to the claim, the inquiry was focused on Hoptner’s relocation from Hong Kong and Singapore to Germany and concluded that he had misused company funds to pay the moves. Bitmex’s lawyers filed the claim in Singapore’s High Court today. They claim Bitmex owes Hoptner $3.4 million in damages. This number includes a $2.4 million “second anniversary bonus,” salaries, housing and education allowances, and other benefits.Hoptner’s legal team filed the claim in the General Division of the High Court of the Republic of Singapore against Three Fins Pte Ltd., a Singaporean subsidiary of HDR Global Ltd., the Seychelles-registered business behind Bitmex.”During my tenure, I always behaved in the best interests of the company, I put my personal and family lives on hold to be in Singapore and Hong Kong. Hoptner stated that while I am unhappy that legal action has been taken, “we are unable to comment at this stage.” Bitmex spokeswoman said. We will respond to Alexander Hoptners claims in Court (which is the proper forum). Needless to say, we will strongly oppose the accusation.”DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comChubbiCoincu NewsTags: BitMEXBitMEX CEOBitmex lawsuitcryptomarket