BitMEX Co-Founder Arthur Hayes Transfers 1,000 ETH to Bybit

Arkham tracked Hayes’ nearly $2 million Ether deposit to Bybit about 10 hours before reporting, showcasing notable blockchain activity from a high-profile crypto figure.

ETH

Summary

Blockchain analytics firm Arkham identified that Arthur Hayes, co-founder of BitMEX, deposited 1,000 ETH valued at approximately $1.99 million into the exchange Bybit. The movement occurred roughly 10 hours prior to reporting on February 18 and was traced directly from Hayes’ wallet. This transaction reflects significant on-chain activity from a prominent industry player.

Terms & Concepts
  • ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • Bybit: A cryptocurrency exchange offering trading in various digital assets, including derivatives and spot markets.
  • Arkham: A blockchain analytics platform that tracks and analyzes large on-chain transactions and wallet activity.