
BitMEX Sued for $3.4 Million by Former CEO in Breach of Contract
Former BitMEX CEO said that he was wrongly accused of misuse of $230,000 in funds during his relocation from Hong Kong to Singapore, and further to Germany.
CEO and Founder of BitMEX.
Arthur Hayes is the co-founder and CEO of BitMEX. After graduating with a degree in economics from the Wharton School of Business, Hayes lived in Hong Kong as an equity derivatives trader. He was the market-maker for Deutsche Bank and Citibank’s Exchange Traded Funds (ETF) businesses.
He also has extensive experience trading equity index futures, forwards, and swaps as well as non-deliverable FX forwards. Hayes brings a deep understanding of how to structure and trade financial derivatives.
BitMEX
American
Hong Kong
University of Pennsylvania, Wharton School of Business, BS in Economics and Finance - 2004-2008
University of Pennsylvania, Bachelors of Science in Economics, Finance, - 2004-2008
BitMEX - CEO/Co-Founder
Citigroup Inc - Delta OneTrader - 2011–2013
Deutsche Bank AG - Associate
Former BitMEX CEO said that he was wrongly accused of misuse of $230,000 in funds during his relocation from Hong Kong to Singapore, and further to Germany.
Former BitMEX CEO says the “irresponsible entities” within the crypto industry have all been completely wiped out.
Samuel Reed, Arthur Hayes, and Benjamin Delo have already pleaded guilty, and have each agreed to pay a $10 million fine as part of the terms of their plea agreement.
Arthur Hayes believes that because of the HODL culture 1 Bitcoin would eventually equal $1 million in about 8 years.
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