Trump pardons three co-founders and former employees of BitMEX

ChainCatcher news, according to CNBC, President Trump has pardoned three co-founders of the cryptocurrency exchange BitMEX and a former senior employee.

The three co-founders: Arthur Hayes, Benjamin Delo, and Samuel Reed, had previously pleaded guilty to a series of federal criminal charges related to money laundering and failure to regulate the exchange.

Reed pleaded guilty in 2022 to violating the Bank Secrecy Act and agreed to pay a $10 million fine. Prosecutors had previously accused these individuals of effectively operating BitMEX as a "money laundering platform" and claimed that their assertion of exiting the U.S. market was "false."