Former BitMEX CEO Arthur Hayes has warned investors to be cautious and avoid investing in overvalued projects. In a new article, Hayes outlined the types of projects that investors should stay away from, including high FDV, low volatility projects, overvalued tokens, and projects with low liquidity. He specifically highlighted EOS Network as a value-destroying and unsuccessful ICO, criticizing it for raising $4.1 billion in the ICO but then disappearing. Hayes emphasized the importance of learning from failures like the EOS ICO and urged investors to do thorough research before investing.



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