Creator of BitMEX Crypto Exchange Accuses SBF of Causing Damage to the US Economy

Arthur Hayes, who is known for creating the BitMEX cryptocurrency exchange, accused the ex-FTX CEO of not only defrauding his investors, but also of causing huge damage to the US macro economy. According to Hayes, Bankman-Freed has also turned a lot of people away from the cryptocurrency industry.

The BitMEX owner also added that in the coming days, Sam Bankman-Fried will be very diligent about choosing his words in the upcoming conversations. The reason for this is Sam's awareness of what happened. According to Arthur, if the ex-CEO of FTX felt innocent, then he could afford to say more than what is now, and therefore his behavior is too reminiscent of a person who is aware of his guilt and wants to please the US court.

According to the owner of BitMEX, due to the selfish nature of the ex-head of FTX, not only people from the United States and other countries who entrusted their funds to the American exchange suffered, but also the American economy as a whole. At first glance, according to Arthur Hayes, this may not be noticeable, but if you study the consequences of the incident, you can find quite serious moments.

Hayes said he had done enough research and wrote an essay about it. According to his assumptions, the collapse of FTX and the act of the top management of the bankrupt firm left a dirty mark on the reputation of the entire world of digital assets. Arthur Hayes believes that all the consequences of the collapse of the stock exchange can affect the US economy somewhere in 5 years, and China can become the country with the strongest economy in the world, overthrowing America from this pedestal.

The owner of BitMEX accuses Sam Bankman-Fried that it is precisely because of such financial giants who behave too selfishly that ordinary people suffer later.

As a reminder, on November 7, 2022, FTX encountered an issue of insufficient liquidity and notified its customers of a temporary suspension of payments. Later it turned out that the company has large debts and it is because of this that it is not able to meet the needs of its customers.

After Binance tried to take over the exchange and it was unsuccessful, Changpeng Zhao, the CEO of the cryptocurrency exchange, stated that Binance is getting rid of all its FTT tokens. Against the backdrop of such events, the FTX token began to fall rapidly and went from $25 to $3 in a few days. At the time of writing, one FTT is valued at $0.91.