Is BitMex the biggest scam in crypto? “BITMEX’d”
Their subtle maneuvers to liquidate early with “fair price indexing” or depletion if insurance pool AKA theft, are both bizarre and literally highway robbery. No one is talking about them enough. Furthermore Arthur Hayes the owner blatantly bashing bitcoin at any chance he gets really has to make people wonder if that’s the type of company they want to support. Depletion of insurance fund is probably the biggest scam though, in their fine it’s clear to read that they leave out any text describing a requirement for that funds purpose to be as support for liquidity. Essentially they can take from and add to at any time meaning they can deplete it at their own will and use it to create chop or a squeeze premature or late. What’s that do?