BitMEX’s Former CEO Returns With Calls For Boycott Of Legacy Finance

Bitmex’s Former CEO Arthur Hayes returned to the public and called on all legacy traders to opt-out of the legacy trading platforms and to also embrace the “Crypto Capital Markets.” In today’s crypto news, we are reading all about it.

BitMEX’s former CEO Arthur Hayes returned from exile with a post on derivatives exchanges calling for a boycott of the legacy platforms after the GameStop drama and said that the incident where Robinhood was halted after retail traders forced the short squeeze caused hedge funds to suffer billions in losses showed that the markets are hostile and created against retail traders:

 “The game masters just didn’t like how the game was being played, so they jacked up margin to force a course correction.”

Hayes urged retail traders to opt-out of the legacy financial systems in favor of the “Crypto Capital Markets” He continued:

 “Withdraw all your money from your broker. Stop trading. Stop paying the system that you believe treats you like a second-class citizen. That is opting out, and it is extremely powerful and liberating.”

The post came after months of silence from the former CEO who went to ground back in 2020 after the United States Department of Justice and Commodity Futures Trading Commission filed the charges against the BitMEX executives in October for allegedly breaking the federal anti-money laundering and KYC rules and operated as an unregistered trading platform. The post didn’t show any info on the current whereabouts and didn’t address any of the accusations that were levied against BitMEX but he has the permission to post on the official blog post of BitMEX as he noted that he intends to post on a fortnightly basis.

Black is back. My opening salvo for 2021 just dropped called Walkaway, I look forward to reengaging with everyone via fortnightly publications. It's a #bitcoin bull market, if you mess with the bull you get the horns. https://t.co/iiJ65oAxeQ pic.twitter.com/frJ1L15kJt

— Arthur Hayes (@CryptoHayes) February 18, 2021

Hayes’ return to Twitter for the first time since September was welcomed by plenty in the sector like BitInstnat Founder Charlie Shrem, Kraken’s Dan Held, Blockstream’s co-founder Adam Backand Three Arrows Capital CEO Su Zhu. Of course, not everyone was happy as one twitter-user “Lord Ashdrake” replied:

 “bro, shouldn’t you be like in jail or something?”

As previously reported, Arthur Hayes stepped down as the CEO of 100X, the company that operates BitMEX. In his place, Vivien Khoo who is the chief operating officer at 100X Group is the interim CEO and will continue with additional operational responsibilities.
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