Arthur Hayes says he now leads Flop Labs as hacking concerns emerge

BitMEX co-founder Arthur Hayes said he has become the head of Flop Labs, the developer of Flop Network, while some in the crypto community raised the possibility that his account was compromised. Hayes said Flop is "food" for AI agents and has opted for a 100% fair launch with no presale or VC investment. He added that a large airdrop is scheduled for the fourth quarter and that the genesis block is planned for the first quarter of 2027. Separately, some community members questioned the announcement, pointing to the unusually low follower count on Flop Network's X account and the limited polish of its official website.