• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

President Trump grants pardons to BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed

Crypto Newsmart by Crypto Newsmart
2 months ago
in Crypto Updates
Reading Time: 7 mins read
7
VIEWS
Share on Facebook
President Trump grants pardons to BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed


Key Takeaways

  • Three BitMEX founders—Hayes, Delo, and Reed—received pardons from President Trump.
  • The co-founders of BitMEX were indicted in 2020 for violating the Bank Secrecy Act.

Share this article







President Donald Trump on Thursday issued presidential pardons to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, according to a new report from CNBC.

The trio established BitMEX in 2014, with Hayes as CEO. The Seychelles-based platform has become a key player in crypto derivatives trading, specializing in perpetual contracts and futures.

In October 2020, the co-founders of BitMEX were indicted by US authorities for violations of the Bank Secrecy Act (BSA). They were claimed to have failed to implement adequate anti-money laundering (AML) measures, including the establishment of a “know your customer” (KYC) program.

Authorities contended that BitMEX’s operational model allowed users to trade anonymously, effectively turning the platform into a potential conduit for illicit financial activities, including money laundering and sanctions evasion.

In May 2022, the court mandated both a $10 million civil monetary penalty for each and a prohibition against future violations of the Commodity Exchange Act and regulations established by the Commodity Futures Trading Commission (CFTC).

Hayes received a two-year probationary sentence. Delo was sentenced to 30 months of probation, and Samuel Reed to 18 months. Their leadership roles ended in 2020 due to legal complications, with Vivien Khoo stepping in as interim CEO.

Shortly after his inauguration, Trump granted a pardon to Ross Ulbricht, fulfilling a key campaign promise.

The founder of the Silk Road marketplace was sentenced in 2015 to double life imprisonment plus 40 years without the possibility of parole on charges including drug trafficking, money laundering, and computer hacking.

Share this article









Source link

Related Posts

Stripe holds early talks with banks to explore stablecoin integration
Crypto Updates

Stripe holds early talks with banks to explore stablecoin integration

30 May 2025
Trump’s Tariff Threats Have Derailed Bitcoin’s Bullish Momentum: Santiment
Crypto Updates

Trump’s Tariff Threats Have Derailed Bitcoin’s Bullish Momentum: Santiment

27 May 2025
Solana Price Prediction: SOL Rose to 6.40— Can This L1 Outperform as ETH and BTC Gain Ground?
Crypto Updates

Solana Price Prediction: SOL Rose to $176.40— Can This L1 Outperform as ETH and BTC Gain Ground?

24 May 2025
Volatility Shares to debut first-ever XRP futures ETF tomorrow
Crypto Updates

Volatility Shares to debut first-ever XRP futures ETF tomorrow

21 May 2025
‘Digital Capitalist’ Has Hot Bitcoin Stock Tip For Q2 Investors
Crypto Updates

‘Digital Capitalist’ Has Hot Bitcoin Stock Tip For Q2 Investors

18 May 2025
Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next?
Crypto Updates

Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next?

15 May 2025

[convertful id="153816"]

by CurrencyRate.Today
  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Preferences
{title} {title} {title}