President Trump forgives Arthur Hayes, 3 other co-founders and employees of Bitmex

Arthur Hayes, the former CEO of Crypto Exchange Bitmex, obtained a forgiveness by American president Donald Trump, confirmed on Friday a White House official.

Trump has also forgiven Hayes co-founders at Bitmex, Samuel Reed and Benjamin Delo, as well as the main employee Greg Dwyer and Bitmex operational entity, HDR Global Trading said a Bitmex spokesperson. CNBC first pointed out the pardons which, according to the White House, were signed on Thursday.

In 2020, the United States Ministry of Justice (DOJ) brought charges against Bitmex, its three co-founders, and its first employee, Dwyer, accusing them of having raped the Bank Secrecy Act (BSA). Prosecutors said Bitmex announced themselves as a place where customers could use its practically anonymous platform, without providing basic information to customer knowledge (KYC). The four people finally pleaded guilty and were sentenced to fines and probation penalties. The exchange itself pleaded guilty of having violated the BSA last year.

Hayes faced two years of probation; Delo spent 30 months in probation and reed 18 months in probation. Dwyer obtained 12 months of probation.

In a statement, Delo said he and his colleagues had been “wrongly targeted”.

“This complete and unconditional forgiveness of President Trump is a justification for the position we have always occupied this bitmex, my co-founders and I should never have been accused of a criminal offense by an obscure and outdated law,” he said. “As the most successful crypto exchange of its kind, we were wrongly induced to serve as an example, sacrificed for political reasons and have used inconsistent regulatory signals. I am sincerely grateful to the president of having granted this thanks to me and my co-founders.”

Hayes has just said “thank you” on X (formerly known as Twitter).

The COMMITITY FUTURES TRADING Commission ordered Bitmex to pay $ 100 million for violation of the law on the exchange of goods and other CFTC regulations in 2021, separately from its DOJ regulations.

Lawyers representing Hayes, Delo and Reed did not immediately return requests for comments.

The reported pardons occur one day after Trump granted Trevor Milton, the former CEO of Nikola Motors who was already found guilty of fraud in 2022. In January, Trump made his long -standing promises to forgive the creator of the Ross Ulbricht silk road, which was 11 years in a draconian sentence of double prison in prison in prison in prison in prison in prison in prison. Since the forgiveness of Ulbrichts, the former CEO of the FTX and fraudster condemned Sam Bankman Fried has embodied his own forgiveness, trying to arouse the favor of the Trump administration and appeared on Tucker Carlson in an unauthorized interview in prison which landed at the lonely hold.

The former CEO of Binance, Changpeng “CZ” Zhao, who pleaded guilty to the same accusation as Hayes and served four months in prison last year, which does not only make it the richest person to have ever been in prison in the United States, but also the only person to serve a prison sentence for violation of the BSA has denied the information according to which he is also at the request of a forgiveness of President Trump.

But, Zhao admitted to a recent post X that no criminal would care about forgiveness, especially to be the only one in American history to have been sentenced to prison for a single accusation of BSA.

Update (March 28, 2025, 20:40 UTC): adds the Delo declaration and a White House official.

Update (March 28 21:06 UTC): Add Hayes.

Update (March 29, 04:15 UTC): Addes Dwyer and HDR.

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