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Finance

BitMEX Operator Appoints PwC Partner as Chief Financial Officer

Stephan Lutz will bring to the firm nearly a decade of experience as partner at auditing and consultancy giant PwC when he joins in May.

By Tanzeel Akhtar
AccessTimeIconMar 4, 2021 at 10:03 a.m. UTC
Updated May 9, 2023 at 3:16 a.m. UTC
BitMEX

100x, the owner of the BitMEX cryptocurrency trading platform, has hired auditing veteran Stephan Lutz as its new chief financial officer.

  • According to an announcement Thursday, Lutz will join the group in May to take charge of financial growth, business expansion and profitability.
  • The new hire brings to the firm nearly a decade of experience as partner at auditing and consultancy giant PricewaterhouseCoopers (PwC), as well as time advising financial corporations at PwC Europe and PWC Germany before that.
  • "[Lutz] joins at precisely the right time for us in our evolution as a company as we enhance the BitMEX platform and look to expand our capabilities further in 2021,” said 100x Group CEO Alex Höptner.
  • The addition is the latest in the aftermath of recent legal troubles for the firm and follows the hiring of 100x's first chief compliance officer.
  • In October 2020, the U.S. Commodity Futures Trading Commission and federal prosecutors charged BitMEX with facilitating unregistered trading and other violations.
  • As reported by CoinDesk Wednesday, BitMEX founder and former CEO Arthur Hayes, who is currently in Singapore, could surrender to U.S. authorities next month.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.