Arthur Hayes Withdraws $800k in ATH from OKX

IconCryptoNewsTerminal Staff15 Aug, 2024

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Arthur Hayes Withdraws $800k in ATH from OKX

BitMEX Co-Founder Arthur Hayes Withdraws $800k in ATH According to Arkham Data, an address believed to belong to BitMEX co-founder Arthur Hayes has withdrawn a total of 11.4 million ATH ($800k) from OKX in a single transaction. This is the first time this address has held ATH, which is currently listed on Upbit, Bithumb, and OKX. The withdrawal comes amid increased scrutiny of Hayes and BitMEX by regulators. In October 2020, the CFTC charged BitMEX with operating an unregistered derivatives exchange and violating other regulations. Hayes and other BitMEX executives have denied the charges. It is unclear why Hayes withdrew such a large amount of ATH from OKX. However, the withdrawal could be seen as a sign that Hayes is concerned about the regulatory risks facing BitMEX. It is also possible that Hayes is simply moving his ATH to another exchange or wallet. Only time will tell what Hayes's plans are for the ATH he withdrew from OKX. However, the withdrawal is sure to raise eyebrows among regulators and investors alike.

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