Shocking Twist: Trump Pardons BitMEX Founders Convicted of Money Laundering!
Former President Donald Trump has granted pardons to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who had pleaded guilty in 2022 to violating the Bank Secrecy Act. The trio was accused of failing to implement proper anti-money laundering measures, leading to BitMEX being labeled a platform for money laundering.
Delo, in a statement, argued that the prosecution was politically motivated and based on an outdated law, expressing gratitude for Trump’s intervention. Prosecutors, however, maintained that the founders knowingly allowed illicit activity and had pushed for harsher sentences. With their convictions now overturned, the case reignites debates over cryptocurrency regulation and enforcement.