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President Donald Trump granted full pardons to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed late on Friday.
The trio was criminally charged in October 2020 with U.S. Bank Secrecy Act violations for offering unregistered crypto derivatives to Americans while failing to implement anti-money laundering and user verification programs; all three later pleaded guilty and received varying probationary sentences.
In the sentencing memo for Arthur Hayes, prosecutors contested that BitMEX’s founders flouted applicable U.S. regulation and implemented “sham” compliance controls as they knowingly serviced American customers.
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