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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.

Updated May 9, 2023, 3:16 a.m. Published Mar 4, 2021, 10:03 a.m.

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

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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.

PwC Hires BitMEX CoinFlash

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.