BitMEX co-founder Arthur Hayes announced he is returning from retirement to lead Flop Labs, a project developing blockchain infrastructure for AI agents. The project’s FLOP token will have a fair launch without presale or venture capital. An airdrop is planned for Q4 2026, with the genesis block targeted for Q1 2027. Hayes’ role at Flop Labs is not fully defined, and the project has not disclosed its team, funding, or technical details. FLOP tokens will be used for AI services, with a focus on automating machine payments. The fair launch claim lacks details, and airdrop rules are forthcoming.

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