Donald Trump Pardons Arthur Hayes, Two Other BitMEX Founders
The post Donald Trump Pardons Arthur Hayes, Two Other BitMEX Founders appeared on BitcoinEthereumNews.com.
US President Donald Trump has pardoned three co-founders of the BitMEX cryptocurrency exchange and a fourth high-ranking former employee. The co-founders are Arthur Hayes, Benjamin Delo, and Samuel Reed. Prosecutors accused the co-founders of effectively running the BitMEX exchange as a money laundering platform and that its purported withdrawal from the US market was a sham. Trump Pardons BitMEX Founders US President Donald Trump has pardoned three co-founders of the BitMEX cryptocurrency exchange and a fourth former high-level employee. The founders, including Arthur Hayes, Benjamin Delo, and Samuel Reed, along with former head of business development Gregory Dwyer had pleaded guilty to one count of violating the Bank Secrecy Act in 2022 and were mandated to pay $30 million in civil fines. The three also received criminal sentences and probation. Authorities also alleged BitMEX did not effectively use its anti-money laundering (AML) and know-your-customer (KYC) measures. Trump issued the pardons on Thursday, over three months after BitMEX was sentenced to pay a fine of $100 million for violating the Bank Secrecy Act by failing to establish and maintain anti-money laundering and know-your-customer programs. BitMEX Founders Thank Trump Hayes thanked Trump for the pardon, tweeting, “Thank you, POTUS.” Delo also issued a statement stating that the pardon vindicates their position and that the US Department of Justice wrongfully targeted the exchange and its founders. “The US Department of Justice wrongfully targeted BitMEX and its co-founders. This full and unconditional pardon by President Trump is a vindication of the position we have always held – that BitMEX, my co-founders, and I should never have been charged with a criminal offense through an obscure, antiquated law.” Delo also alleged that BitMEX was wrongfully made an example of for political reasons and was used to send out inconsistent regulatory signals. “As the most successful…
Filed under: News - @ March 30, 2025 2:55 am