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Trump Pardons Co-Founders of BitMex Exchange

Arthur Hayes, Benjamin Delo and Samuel Reed were pardoned after previously pleading guilty to federal criminal charges.

Mar 28, 2025 • 1 min read

Donald Trump pardons three BitMEX co-founders convicted of federal violations, raising new questions about accountability in crypto.

What’s the Scoop?

Presidential Pardons: Donald Trump granted clemency to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed for prior federal offenses.
Criminal Charges: The trio pled guilty to violating the Bank Secrecy Act, operating BitMEX as a ‘money laundering platform,’ and paid substantial fines.
Sentencing and Fines: Hayes, Delo, and Reed received probation and collectively paid $30 million in civil and criminal fines.

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