BitMEX co-founder and onetime CEO Arthur Hayes has returned from exile with a post on the derivatives substitution's official blog calling for a boycott of legacy platforms following the GameStop drama.

Hayes said the incident, where trading on Robinhood was halted after retail traders forced a short squeeze causing hedge funds to endure billions in losses, showed that markets are stacked against retail traders:

"The game masters merely didn't similar how the game was being played, so they jacked up margin to force a course correction," he said.

The former BitMEX CEO urged retail traders trader to "opt-out" of the legacy financial organisation in favor of "Crypto Capital letter Markets":

"Withdraw all your money from your banker. Stop trading. Stop paying the system that you lot believe treats you like a second-class citizen. That is opting out, and it is extremely powerful and liberating."

The post follows months of silence from Hayes — who went to ground last year afterwards the U.S. Department of Justice and the Article Futures Trading Committee filed charges against BitMEX executives in Oct for allegedly violating federal anti-money laundering and know-your-customer obligations and operating an unregistered trading platform.

The post did not provide whatsoever indication as to his current whereabouts, and did non address whatsoever of the accusations levied against BitMEX. Withal, he apparently has BitMEX'due south permission to post on its official weblog as he noted that he intends to post on a fortnightly footing.

Hayes' return to Crypto-Twitter for the first time since September was welcomed by many notables of the crypto sector, including BitInstant founder Charlie Shrem, Kraken'due south growth lead Dan Held, Three Arrows Capital CEO Su Zhu, and Blockstream co-founder and CEO, Adam Back.

However, not anybody offered Hayes a warm welcome, with Twitter-user "Lord Ashdrake" replying to Hayes: "bro, shouldn't you be like in jail or something?"