Arthur Hayes Issues Dire Warning: DAT Model Could Spark “FTX-Style Meltdown”
Arthur Hayes just dropped a bombshell prediction—the DAT model might be setting the stage for another FTX-level catastrophe.
The Mechanics of Mayhem
Hayes argues that the same structural vulnerabilities that toppled FTX are quietly replicating within DAT's framework. It's not about if—it's about when the dominoes fall.
Systemic Risks Amplified
Leverage loops, opaque liquidity pools, and cross-collateralization chains create a house of cards. One default could trigger a cascade that'd make 2022 look like a warm-up.
Why TradFi Won't Save You
Bankers love watching crypto eat itself—means fewer clients asking uncomfortable questions about their 2% yield bonds. The DAT situation's just more popcorn fodder for Wall Street's front row seats.
Hayes' verdict? Either fix the model's fundamental flaws or brace for impact. The clock's ticking.
BitMEX Co-founder Arthur Hayes shared a stark warning against a potential “FTX-like collapse” in the crypto market, driven by the increasing popularity of digital asset treasuries (DATs). Hayes' cautionary stance on DATs adds a layer o... Read More
