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News Explorer — BitMEX Founder Arthur Hayes Calls U.S. Treatment of Binance, CZ 'Absurd'

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Nov 28, 11:01 am
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BitMEX Founder Arthur Hayes Calls U.S. Treatment of Binance, CZ 'Absurd'

BitMEX founder Arthur Hayes has criticized the U.S. legal system for its "absurd" treatment of Binance and its former CEO Changpeng 'CZ' Zhao. Hayes argues that the $4.3 billion fine imposed on Binance is disproportionately harsh compared to the treatment of bank CEOs responsible for the 2007-2008 financial crisis. He also suggests that CZ's rise to wealth and power challenged the financial and political establishment.

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