Arthur Hayes, co-founder of BitMEX, has been accused by onchain investigator ZachXBT of promoting four crypto tokens—Zcash (ZEC), NEAR, HYPE, and Worldcoin (WLD)—to his followers and then quickly selling them, a practice known as creating "exit liquidity." Hayes reportedly urged followers to buy WLD before dumping his position shortly after, repeating a pattern seen with the other tokens within about 15 days. This has sparked debate about transparency and ethics in influencer-driven crypto trading, though no illegal activity has been proven. The tokens involved are sensitive to market sentiment due to their lower liquidity compared to major cryptocurrencies.
Several cryptocurrencies promoted by Arthur Hayes, including ZEC, NEAR, HYPE, and WLD, have experienced sharp declines, with ZEC losing over 61% from recent highs. This has sparked debate about the influence of high-profile investors on retail trader...
A newly created wallet withdrew 37,316 ZEC (about $13.12 million) from Binance right after Zcash's price dropped 50% due to a critical security flaw in its protocol. The vulnerability, discovered on May 29, could have allowed counterfeit ZEC creation...
Ethereum dropped nearly 22% over a week, falling from $1,700 to $1,545 and triggering massive liquidations of $468 million. This decline dragged total altcoin market capitalization below $880 billion, reflecting a loss of confidence amid a prolonged ...
Zcash developers fixed a serious vulnerability in the Orchard Pool that could have allowed counterfeit coins within its private transaction system. Experts like Dragonfly's Haseeb Qureshi argue the risk to users and investors is limited since fake co...
Worldcoin (WLD) price plunged 28% after Arthur Hayes disclosed that Maelstrom had exited its entire WLD position, wiping out much of the token's recent rally. Hayes, who had previously supported WLD due to AI enthusiasm, reversed his stance citing ma...
