September Is Right here And Nonetheless No Phrase From BitMEX Or Arthur Hayes
‘No information is sweet information’, or so they are saying. However the continued lack of communication from BitMEX, or its illustrious commander-in-chief, Arthur Hayes, could also be trigger for concern. Particularly contemplating the issues that we do know are taking place with the corporate, and Hayes’ earlier stage of social media interplay.
Have You Seen this Bitmex CEO?
Hayes was final seen in mid-July throughout a heated live debate on the Asia Blockchain Summit with Bitcoin-sceptic, Nouriel Roubini, dubbed ‘The Tangle In Taipei’. Following this, each Hayes’ and the BitMEX Twitter accounts went from a number of day by day posts to finish radio silence. It was virtually as if Hayes had been spirited out of Taipei and vanished into the encompassing jungle.
Actually, on the very finish of July, Hayes did publish a cryptic update, claiming to have ‘traded in a yacht for the jungle’, and saying that he would ‘See y’all in September’. An additional publish on August eight appeared to seek out Hayes in a mountainous area taunting his haters with ‘You may hate me now, however I received’t cease now’.
Since then, we’ve got heard nothing from Hayes, and the BitMEX Twitter account final posted on July 15.
Needed By The CFTC
After all, that’s to not say there was no information about BitMEX, merely that there hasn’t been an replace from it. A number of days after the final publish, we came upon that the company was being investigated by the Commodity Futures Buying and selling Fee (CFTC). This was concerning allegations that the trade had been servicing US prospects, and prompted a $73 million outflow in simply 24 hours.
In complete, July was nothing wanting disastrous by way of capital outflow. Over half a billion dollars left the platform within the month of July – the worst month ever for the trade. Worse nonetheless, competitors started to circle the unresponsive BitMEX, providing related derivatives options and leverage.
Because the CFTC probe dragged on, BitMEX blocked access to its providers in three extra nations, deliver the whole variety of blocked territories to eleven.
So… It’s September *Faucets Watch*
Okay, so it’s solely simply September, and the CFTC investigation may effectively proceed for months. However it will be good to listen to one thing from Hayes, if solely an image in some unique location, spending the cash of those that have rekt themselves utilising BitMEX’s 100x leverage.
Each the person and the corporate appeal to their fair proportion of hostility, for what’s perceived as profiting from naive buyers. How lengthy will probably be earlier than we uncover the following transfer stays to be seen.
What do you make of Arthur Hayes and BitMEX’s lack of on-line presence? Add your ideas under!
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