July 23, 2026·Bearish·exchange activity

BitMEX Shuts Down: The Story Behind Its Rise

BitMEX is shutting down. The announcement prompted reflections on its origins, including co-founder Arthur Hayes getting fired in Hong Kong and sending money to two Russians, which led to the exchange's creation.

Detected & updated continuously · Source: Nebula

Mentioned

@CryptoHayes

@BitMEX

Sources

@VentureCoinist

In honor of BitMEX shutting down here's the story of what led @CryptoHayes to create one of the most successful Bitcoin exchanges of all time Getting fired in HongKong, sending money to two Russians in the Caribbean, and finding an arbitrage opportunity that paid 200%/yr https://t.co/7mFVDpcHDB