BitMEX Co-Founder Arthur Hayes Urges Kanye West Not to 'Rug' YZY Amid Bull Market Optimism

Arthur Hayes publicly denounces his involvement with YZY, calling it a 'shitcoin' and expressing regret for participating in the project.

Summary

Arthur Hayes, BitMEX co-founder, admitted on X that he regretted trading YZY tokens, labeling it a 'shitcoin.' Hayes reflected on his involvement in the project, emphasizing his decision to have stayed out of it instead.

Terms & Concepts
  • Shitcoin: A derogatory term used in the cryptocurrency community to refer to coins or tokens with little to no value or utility.