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Crypto platform BitMEX taps new risk boss

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Mint

Sat, Jan 15, 2022

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The appointment of Marcus Hughes, a former Coinbase managing director, follows a $100 million settlement with US enforcers in 2021 BitMEX, which last year agreed to a $100 million settlement with U.S. enforcers over compliance issues, has hired Marcus Hughes, a former managing director at Coinbase Global Inc., to serve as the cryptocurrency platform’s new chief risk officer.

Mr. Hughes, who will work between offices in Europe, Asia and North America, will guide the company’s legal strategy, build out its risk and compliance program and engage with regulators and policy makers, BitMEX said Thursday in a blog post.

Before joining BitMEX, Mr. Hughes served as managing director of Coinbase’s European business.

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