BitMEX Co-Founder Arthur Hayes Accused of Using Followers as Exit Liquidity

BitMEX co-founder Arthur Hayes is at the center of a controversy surrounding his trading behavior after being called out by on-chain investigator ZachXBT.

ZachXBT accused Hayes of using followers as exit liquidity, particularly with regards to Worldcoin (WLD), which Hayes had previously touted as a strong investment opportunity.

According to ZachXBT, Hayes made bullish calls on several cryptocurrencies, including Near Protocol (NEAR), Hyperliquid (HYPE), and Zcash (ZEC), before closing his positions. More recently, he allegedly repeated this behavior with Worldcoin (WLD), expressing strong optimism about the token's future price and then selling his entire stake within a short period.

Hayes pushed back against the criticism, stating that he had simply sold his assets to buyers once his target price was reached. He argued that if the token continued to rise after his sale, people would have accused him of making a mistake by selling too early.