On October 1, 2020, one day before the U.S. Department of Justice and the Commodity Futures Trading Commission filed charges against BitMEX  and its four key executives, Samuel Reed, co-founder and CTO of BitMEX，was taken into custody in Massachusetts and would be presented before a federal court in Massachusetts. On April 6, 2021, Arthur Hayes landed at an airport in Honolulu, where he surrendered to federal agents on the tarmac. In August 2021, BitMEX itself reached a civil settlement with the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network, agreeing to pay $100 million in civil penalties. According to individuals familiar with the matter, all defendants initially pleaded not guilty in the criminal proceedings. However, between February and March 2022, BitMEX’s three co-founders each changed their pleas and agreed to plead guilty. Arthur Hayes pleaded guilty in February 2022 to violating the Bank Secrecy Act and related AML requirements, and agreed to pay a $10 million criminal fine.  In May 2022, he was sentenced by the U.S. District Court for the Southern District of New York @SDNYnews to six months of home detention followed by two years of probation. The same court also ordered the other two BitMEX co-founders to each pay $10 million in penalties. Benjamin Delo was sentenced to 30 months of probation without home detention, while Samuel Reed received 18 months of probation. In late 2021, Gregory Dwyer agreed to be extradited from Bermuda to the United States. On August 9, 2022, the U.S. Department of Justice announced that Gregory Dwyer, BitMEX’s Head of Business Development, had also pleaded guilty in the criminal case. He admitted to violating the Bank Secrecy Act by willfully failing to establish, implement, and maintain an AML program at BitMEX. Under the terms of his plea agreement, he agreed to pay a separate $150,000 criminal fine. Dwyer was subsequently sentenced to one year of probation. In total, BitMEX-related penalties amounted to approximately $130 million. Following the enforcement actions by U.S. authorities, both Arthur Hayes and BitMEX suffered significant reputational and operational setbacks. In the years that followed, Hayes increasingly repositioned himself as a high-profile commentator in the crypto space, frequently promoting speculative projects and leveraging his industry influence and social media presence to attract retail investors. @TheJusticeDept @CFTC  @USDOJ_Intl   @bitmex @CryptoHayes  @bendelo  @STRML_ @BitMEX_Ethan @Crypto_slutz @r_polansky @sudhu_aru @BitMEX_sandisam @business @markets @BloombergAsia @Reuters @watcherguru @zachxbt @insiderwire  @WhalePanda @Tintinx2021 @yq_acc @RichardPtardio @JamesWynnReal @muphasamc @huskyXBT @JSeyff @0xcryptosam @degeneratenews @crypto_condom

在迪拜一些Takeaway： 1. 圈内的朋友大多看空，买XXX为什么不买Google，市场没有人信叙事VC真的还需要投资吗等等，但问起来很多大户还是持有BTC。 2. 本地圈外的朋友中性，靠着BTC/BNB（迪拜白袍里还真不少BNB大户）赚到钱的依然拿着，没入场的也不打算入场。 3. 某个西方legendary trader说Crypto的故事已经结束了，包括BTC。 4. 出来很多预测市场，但其实预测市场做纯赌博是很蠢的，反而有点看好Kalshi的思路（虽然和团队聊不到一起去）。 5. 出来一大堆美股Perp dex，不看好圈内原生用户的体量，但又抢不来Robinhood的期权用户，很奇怪得赛道。 6. 几个Hype大户都有在卖Hype持仓，我个人的理解会有加速赶顶的过程，但确实撕逼/收入陷阱已经存在了。 7. 没有钱的项目方发不出的币，但发出币的项目方也赚不到钱，现在不发未来会更难发，那为啥还有人要发币。 8. 当叙事交易结束时，这市场只剩下无尽的PvP。