President Donald Trump Pardons the Three Co-Founders of the Crypto Exchange BitMEX: Report

President Donald Trump is reportedly pardoning the three co-founders of the crypto exchange BiTMEX, including prominent crypto investor Arthur Hayes.

According to a new report by CNBC, Trump pardoned Hayes, Benjamin Delo and Samuel Reed on Thursday, nearly three years after they pleaded guilty to violating the Bank Secrecy Act by willfully failing to establish adequate anti-money laundering protocols.

At the time, prosecutors accused the trio of operating BitMEX as if it were a “money laundering platform,” as instead of implementing typical Know Your Customer (KYC) verification standards, which are a set of regulations designed to certify a customer’s identity as a means of preventing crime.

“From approximately 2014…

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