The article discusses a low-key gathering organized by Binance Labs in Thailand, where Binance CEO Changpeng Zhao (CZ) brought together Ethereum co-founder Vitalik Buterin and BitMEX co-founder Arthur Hayes. The history between CZ and Vitalik dates back to 2013 when they met at a conference, and CZ invited Vitalik to his place in Tokyo in 2015 to discuss Ethereum. However, CZ chose not to invest in Ethereum, which eventually led him to launch Binance in 2017. CZ and Vitalik collaborated on the proposal of Proof-of-Reserves to restore trust in crypto exchanges, and Binance implemented it with Vitalik's improvements. Arthur Hayes, known for high-leverage trading on BitMEX, faced legal issues in 2020 related to violating the Bank Secrecy Act. CZ and Binance have also faced regulatory scrutiny, with Binance being fined $4.3 billion for anti-money laundering violations. Arthur has criticized the biased treatment of crypto platforms compared to traditional banks. While CZ and Vitalik have worked together, they don't always agree on the direction of the industry. Vitalik emphasizes decentralization and transparency, while Arthur has concerns about Ethereum's move to proof-of-stake.



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