Arthur Hayes: Why Did BitMEX Choose to End Its Operations? On August 22, 2026, BitMEX co-founder @CryptoHayes said in an interview that BitMEX’s decision to cease operations was not due to a hack or regulatory pressure, but rather a decision made voluntarily by the team. He revealed that after discussions among the three founders, they concluded that the company was no longer profitable and was instead continuing to consume resources, leading them to decide to shut down operations. Arthur Hayes stated that BitMEX’s ownership had remained unchanged throughout its 13-year history, and the board ultimately reached a unanimous decision to end the business, with the team choosing to leave on their own terms.
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