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BitMEX lays off 75 employees after bank acquisition collapses

Crypto exchange BitMEX has laid off about a quarter of its staff globally just days after abandoning plans to acquire a German bank. The company — which is owned by 100x Group — currently employs roughly 300 people, meaning the cuts will affect around 75 employees, according to people familiar with the matter. Staff were informed about the move last week. “BitMEX is making changes to our workforce in order to streamline for the next phase of our business. Our …

BitMEX Group plans to acquire a 268-year-old German bank

Crypto firm BitMEX Group announced Tuesday its plan to acquire Bankhaus von der Heydt, a 268-year-old private bank based in Germany. The group’s BXM Operations AG — a company founded by BitMEX CEO Alexander Höptner and its CFO Stephan Lutz — has signed a purchase agreement with Dietrich von Boetticher, the bank’s current owner. The deal is subject to the approval of German financial regulator BaFin. Bankhaus von der Heydt was founded in 1754. In October, it partnered with Fireblocks …