Trump Pardons BitMEX Founders for Bank Secrecy Act Violations
- Arthur Hayes, Benjamin Delo, and Samuel Reed were pardoned by President Trump.
- The founders pled guilty in 2022 to violating the Bank Secrecy Act.
- Each founder paid a $10 million fine to settle charges.
- In January, BitMEX was ordered to pay $100 million for violations from 2015-2020.
- BitMEX previously paid $100 million in civil penalties in 2021.
The three co-founders of BitMEX, who pled guilty to Bank Secrecy Act violations and paid $10 million fines each, have been pardoned by President Trump. Earlier this year, BitMEX was also ordered to pay $100 million for past violations.
Source (2.6)https://decrypt.co/312169/trump-pardons-arthur-hayes-bitmex-founders?rand=52368
