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Crypto
BitMEX to wind down operations after 11 years; Zhao says \'sad\'
Cryptocurrency exchange BitMEX will cease operations on Sept. 23 local time. Operator HDR Global Trading decided to permanently close the exchange after reviewing its business strategy and broader crypto market conditions. New sign-ups have been halted, and limits on new positions will begin on Aug. 26. Unclosed positions will be liquidated at shutdown. BitMEX said it is not responsible for losses from failure to close positions by deadlines.
Crypto
BitMEX replaces CEO, CFO and growth chief at once, renewing talk of exchange sale
BitMEX has replaced its CEO, CFO and chief growth officer at the same time, drawing attention to the reasons behind the reshuffle. The changes were first confirmed through LinkedIn profile updates, with no official statement released. Peter Wilkinson, previously global chief legal officer and chief operating officer, was appointed CEO. Industry watchers link the move to possible sale or M&A preparations and to the exchange’s history of U.S. regulatory disputes.
Telecommunications & Media
Yoo Young-sang, former SK Telecom CEO, earned 3.4 billion won last year; CEO Jung Jae-heon received 2.08 billion won
Yoo Young-sang, former chief executive of SK Telecom, received about 3.4 billion won in pay last year, according to the company’s 2025 business report. His total compensation was 3.41 billion won, including 1.54 billion won in salary and 1.82 billion won in bonuses, plus about 47 million won in welfare benefits. CEO Jung Jae-heon received 2.079 billion won in total compensation.
