Nouriel Roubini accuses BitMEX CEO Arthur Hayes of 'systematic illegal activities' in latest op-ed

gepubliceerd op by Cryptoslate | gepubliceerd op

Following a heated debate at the Asia Blockchain Summit, Dr. Nouriel Roubini ramped up his campaign against BitMEX and its CEO, Arthur Hayes.

In a recent op-ed piece, Roubini accused Hayes of being involved in "Systematic illegal activity" at BitMEX, saying the exchange's 100-to-one leverage and liquidation profits should be banned.

Dr. Doom takes another jab at BitMEX. After a heated debate at the Asia Blockchain Summit in Taipei, the crypto industry's most vocal critic took another jab at Arthur Hayes.

Nouriel Roubini, a professor of economics at the Stern School of Business, published an op-ed piece on Project Syndicate earlier this week, where he accused BitMEX of being involved in shady and illegal activities.

Roubini said that "Some of the biggest crypto players may be openly involved in systematic illegality." That, he noted, includes BitMEX. Roubini criticized BitMEX for allowing its traders to take on too much risk.

Roubini also accused BitMEX for profiting from its liquidation fund.

BitMEX stands its ground despite community criticism.

Hayes was quick to respond to these accusations, telling Bloomberg News that BitMEX rejects any allegations of criminality, manipulation or unfair treatment of their customers.

The exchange secretly managed to secure exclusive rights to the video of the Roubini vs Hayes debate and has refused to release it in full for more than a week.

With both Roubini and Hayes claiming to have won and only a few short videos shared, it was impossible to tell how the debate actually went.

x