Arthur Hayes faces estimated $640K loss on BIO investment

BitMEX co-founder Arthur Hayes is estimated to have lost $640,000 on an investment in BIO, according to Onchain Lens. Three months ago, Hayes withdrew 7.66 million BIO from Binance, valued at $1.1 million at the time. After holding the tokens for three months, he recently deposited 7.6 million BIO, now worth $461,000, back into the exchange.