Arthur Hayes Returns From Retirement to Lead AI Crypto Project Flop Labs

TLDR

• Arthur Hayes is taking over as head of Flop Labs, which is building an AI-focused blockchain called Flop Network
• The FLOP token will launch as a 100% fair launch with no presale and no VC allocation
• Around 20% of the total FLOP supply will be distributed to testnet participants over 10 years
• Flop Network plans to price AI computing work using floating-point operations as a standard unit
• A large FLOP airdrop is planned for Q4 2026, with the genesis block set for Q1 2027

Arthur Hayes, co-founder of BitMEX, has announced he is coming out of retirement to lead Flop Labs, the team building Flop Network, a blockchain designed for AI agents.

Arthur Hayes Comes Out of Retirement to Lead Flop Labs, FLOP Airdrop Planned for Q4 2026

Arthur Hayes said he is “coming out of retirement” to lead Flop Labs. Flop Network is designed for the AI agent economy, with its native token FLOP serving as a payment asset for AI agents… pic.twitter.com/acjcmSHi2d

- Wu Blockchain (@WuBlockchain) August 18, 2026

Hayes confirmed the move in an Aug. 19 Substack post. He described it as “coming out of retirement” and said he personally funded the development team, removing the need for a presale round.

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