BitMEX Co-Founder Arthur Hayes Takes CEO Role at Flop Labs
On August 18, Arthur Hayes, who co-founded BitMEX, revealed his return as CEO of Flop Labs, a startup dedicated to blockchain infrastructure for autonomous AI agents. Flop Labs intends to create Flop Network, where AI agents will utilize the FLOP token for various services. A significant airdrop is anticipated in the fourth quarter of 2026, prior to the genesis block launch in the first quarter of 2027. Hayes started BitMEX in 2014 and held the CEO position until October 2020. The BitMEX exchange is set to close on September 23. While Flop Labs promises a "100% fair launch," specifics regarding tokenomics and airdrop eligibility are yet to be revealed, as the project remains in its early phases with minimal technical documentation.
Key facts
- Arthur Hayes announced on Aug. 18 that he is leading Flop Labs as CEO.
- Flop Labs is developing Flop Network, a blockchain for autonomous AI agents.
- The native token FLOP will be used for computing, inference, and memory services.
- A 'massive airdrop' is planned for Q4 2026, with genesis block targeted for Q1 2027.
- Hayes co-founded BitMEX in 2014 and served as CEO until October 2020.
- BitMEX is scheduled to shut down its exchange operations on Sept. 23.
- Flop Labs has not released tokenomics, whitepaper, or technical documentation.
- The project has not yet launched its testnet.
Entities
Artists
- Arthur Hayes
Institutions
- BitMEX
- Flop Labs
- Maelstrom Fund
- NFT Plazas