Arthur Hayes, the co-founder and former CEO of major crypto derivatives exchange BitMEX, has made a remarkable return to the public spotlight – emerging on social media for the first time since the US authorities indicted him and his fellow co-founders on charges of financial malpractice.
The outspoken Hayes dropped off the radar in October, but his sudden return has seen him post on Twitter to promote what he claimed would be a fortnightly blog post.
And it appears that almost five months of silence has left Hayes with plenty to say: His first post was almost 2,400 words long and covered a range of matters – chief among them the GameStop (GME) trading affair.
He urged investors to go solo and empower themselves, writing,
“Withdraw all your money from your broker. Stop trading. Stop paying the system that you believe treats you like a second-class citizen.”
Hayes advised retail stock traders,
“Just make sure you have a cash account, use no leverage and refuse to lend out your shares unless you receive the borrow interest.”
Arthur’s baack! Good read 👍 on $GME people need to grok the rules. Know the system.
— Adam Back (@adam3us) February 18, 2021