Trump Pardons BitMEX Founders for Bank Secrecy Act Violations
- President Trump pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed.
- The trio was indicted in October 2020 for violating the Bank Secrecy Act.
- They failed to implement adequate anti-money laundering measures, including a “know your customer” program.
- In May 2022, each was fined $10 million and prohibited from future violations of the Commodity Exchange Act.
- Hayes received a two-year probationary sentence; Delo got 30 months, and Reed got 18 months.
President Trump issued pardons to BitMEX founders who were previously fined $10 million each for failing to comply with anti-money laundering regulations. Their sentences included probationary periods ranging from 18 to 30 months.
Source (2.6)https://cryptobriefing.com/trump-pardons-bitmex-cofounders/?rand=59535
