Trump Pardons BitMEX Crypto Exchange Co-Founder Arthur Hayes

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By Stephanie Lai and Chris Dolmetsch

March 28, 2025 at 7:28 PM UTC

Updated on

March 28, 2025 at 8:11 PM UTC

This article is for subscribers only.

President Donald Trump has pardoned Arthur Hayes, Benjamin Delo and Samuel Reed, the three co-founders of the storied crypto exchange BitMex, according to a person familiar with the matter who asked not to be named as they were not authorized to speak publicly.

Hayes, Delo and Reed were charged in 2020 with violating the Bank Secrecy Act; all three pleaded guilty in 2022. They agreed to forfeit $10 million each and were sentenced to probation. CNBC first reported the pardons on Friday.