Crypto NewsAltcoinBitMEX Founder Arthur Hayes Purchases Altcoins from Binance Again

BitMEX Founder Arthur Hayes Purchases Altcoins from Binance Again

Arthur Hayes, founder of cryptocurrency exchange BitMEX, purchased altcoins from Binance, according to onchain data.

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Arthur Hayes, founder of cryptocurrency exchange BitMEX, reportedly withdrew 100,000 PENDLE from Binance, equivalent to $314 thousand, at $3.14 per token. This move is part of a larger trend for Hayes, who has been steadily accumulating PENDLE since April 29, 2021.

Hayes collected a total of 1.44 million PENDLE at an average price of $1.67, for an estimated cost of $2.41 million. Despite his considerable investment, Hayes continues to hold all 1.44 million PENDLE, which is now worth $4.55 million. This represents an unrealized profit of $2.14 million, a gain of 88.4%.

In addition to his PENDLE holdings, Hayes' known crypto holdings include 135.75 ETH worth $463.59K, 39,946K PENDLE worth $144.21K, and 10K BOND worth $40K. The total value of known crypto assets is $675,223.23.

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However, Hayes' assets are estimated to be much more than this. On February 24, 2022, Hayes, along with co-founders Benjamin Delo and Samuel Reed and Gregory Dwyer, pleaded guilty to “willfully failing to establish, implement, and maintain an anti-money laundering program at BitMEX.” Because Hayes was a first-time offender and had a long history of charitable work, the Probation Department had recommended a sentence of two years probation with no prison time.

*This is not investment advice.



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