Crypto

Arthur Hayes Warns of Fake FLOP Tokens

Guavy AI Editorial Team Published August 23, 2026

Instruments

Arthur Hayes, cofounder of BitMEX, issued a warning to traders on Saturday about fake FLOP tokens. He clarified that Flop Labs has not issued any token, run a pre-sale, or released a memecoin. As a result, anything trading under the FLOP name is not genuine.

Hayes emphasized security and token authenticity risks for traders and DEX/CEX markets. His advisory may dampen adoption and signal caution around FLOP listings and related fundraising claims.

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