Alexander Höptner, the recently fired CEO of crypto exchange operator Bitmex, has filed a $3.4 million wrongful termination and breach of contract claim against his former employer.
According to Höptner’s filing today in Singapore’s High Court, Bitmex conducted a “baseless” internal probe against him in order to avoid paying millions of dollars in salary and bonuses. According to the claim, the inquiry focused on his relocation from Hong Kong to Singapore and then to Germany, and decided that he misused company funds to pay for the moves, which served as the purported reason for his dismissal in late October.
Höptner’s lawyers in the claim label the company’s charges “completely without basis” and allege Bitmex owes him $3.4 million in damages. This number includes a $2.4 million “second anniversary bonus,” salaries, housing and education allowances, and other benefits.
Höptner’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. I’m unhappy that it has come to the point where legal action is required, but I’m at a loss for words.” Höptner said.
“As the action is pending before the Singapore Court, we are unable to make any substantial comments at this stage,” a Bitmex spokeswoman stated. In Court, we will answer to Alexander Höptner’s assertions (which is the appropriate 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: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
This product launch marks an innovative step forward for Gate.io in the stablecoin wealth management…
Franklin Templeton FOBXX is now available on Ethereum, extending its presence to seven blockchain networks,…
Dora Factory Vota Launch uses MACI technology to enable private decentralized governance and encrypted on-chain…
Bhutan moved a significant amount of Bitcoin to Binance, likely to take profits, amid rising…
Canadian firm DeFi Technologies introduced the CoreFi Strategy to provide leveraged, regulated Bitcoin and CORE…
Cryptocurrency has come a long way since its early days. With the rise of Bitcoin…
This website uses cookies.
