Arthur Hayes, the co-founder and former CEO of BitMEX, a leading crypto derivatives exchange, has made a noticeable comeback in public: it first appeared on social media since U.S. officials charged it and the other BitMEX co-founders with embezzlement financial.
Mr. Hayes disappeared from the public eye in October: for his return, he promotes of a post on Twitter, saying he plans to post on a bi-monthly basis now.
And it seems almost five months of silence left Hayes with food for thought: his first post, of almost 2,400 words, covered a wide range of topics, the most important of which was the GameStop (GME).
He urged investors to go solo and take charge by writing,
Withdraw all of your money from your broker. Stop trading. Stop paying for the system that you think treats you like a second class citizen.
Hayes has also advised small retail traders,
Just make sure you have a cash account, don’t use leverage, and refuse to lend your shares if you don’t get interest on the loan.
Arthur’s baack! Good read ???? on $ GME people need to grok the rules. Know the system.
— Adam Back (@adam3us) February 18, 2021
However, he also added that there was an “other game” that offered an alternative to the financial markets – namely the crypto market.
He wrote,
It’s risky, that’s for sure, but if your goal is to speculate out of the boredom of the COVID-related lockdown, or to increase your declining real wages, crypto can and does generate such results.
He has, however, paid little attention to BitMEX – and made no mention of the criminal charges he is currently facing in the United States.
“Centralized services certainly add positive value to the ecosystem. In many cases, they use their profits to invest in decentralized solutions that might render parts of their business obsolete in the future. But the constant pressure to remove the Trust drives centralized operators to deliver superior service to their customers faster than a decentralized provider, ”Mr. Hayes wrote.
Heavyweight Hayes stopped dead in his tracks at fall of last year, when the FBI intervened, following charges brought by the United States Department of Justice and the Financial Regulatory Commission on commodity futures. The Justice Department accused Hayes and other exchange executives of running an unregulated trading platform and violating U.S. anti-money laundering (AML) and know your customer (KYC) regulations .
Records revealed that Hayes and his colleagues had been accused of breaking bank secrecy law, claiming they had “deliberately” neglected anti-money laundering protocols. If found guilty, Hayes – whose whereabouts are currently unknown – could be sentenced to several years in prison.
A recent article on Hayes’ rise and disgrace in Vanity Fair has hinted that he might go low key in Singapore. This article could also be the cause of its sudden return.
Volume de trading sur BitMEX:
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