Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13257
Markets: 103476
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13257
Cryptocurrencies
61.76%
Bitcoin Share
ZyCrypto 2025-03-29 15:11:42

BitMEX Founders Arthur Hayes, Benjamin Delo, And Samuel Reed Pardoned by President Trump

BitMEX Founders Arthur Hayes, Benjamin Delo, And Samuel Reed Pardoned by President Trump

United States President Donald Trump reportedly pardoned three co-founders of the Seychelles-based crypto exchange BitMEX who had pleaded guilty to felony charges. “The co-founders, Arthur Hayes, Benjamin Delo, and Samuel Reed, previously pled guilty to a range of federal criminal charges related to money laundering and failure to police the exchange,” CNBC reported on Friday, adding that prosecutors had accused the co-founders of using BitMEX as a “money laundering platform and that withdrawing from the U.S. market was a “sham.” As per CNBC , the pardons were signed on March 27. “Thank you,” Hayes posted on X Friday, tagging the official account of the President of the United States. Hayes, Delo, Reed, and Gregory Dwyer — BitMEX’s first employee — were indicted by U.S. authorities in 2020 for violations of the Bank Secrecy Act. Hayes, who was then the exchange’s CEO, was forced to resign due to the legal complications. The reasons for President Trump’s pardon remain unclear as of press time, as the three individuals had already been sentenced to a combination of probation or home detention. The court also mandated each to pay a $10 million civil monetary penalty as part of a civil case with the U.S. Commodity Futures Trading Commission. Earlier this year, BitMEX was hit with a further $100 million fine after ending its lengthy legal tussle related to anti-money laundering violations. President Trump’s Crypto-Related Pardons Since assuming office on January 20, President Trump has issued a slew of contentious federal pardons, including to Silk Road creator Ross Ulbricht , who is fundamentally tied to Bitcoin’s early history. Ulbricht was 11 years into a harsh sentence of double life in prison plus 40 years, with no possibility of parole. Reports have revealed that the disgraced former FTX CEO Sam Bankman-Fried, who was sentenced to 25 years behind bars for his role in misusing user funds, is campaigning for a potential pardon from President Trump. It was also alleged that Binance co-founder and ex-CEO Changpeng Zhao, aka CZ, who also served four months in prison last year, becoming the richest person to ever go to prison in the U.S , had also sought a pardon from President Trump. However, CZ quickly denied the reports that he was angling for his own pardon.

Most Read News

Market Cap
24h Vol
61.76%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.