Breaking
April 24, 2025

Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo and Samuel Reed Jai Hamid | usagoldmines.com

Trump has pardoned Arthur Hayes, Benjamin Delo, and Samuel Reed, wiping out their federal convictions tied to operating BitMEX without any real anti-money-laundering compliance, according to CNBC.

All three had already pleaded guilty and were sentenced, but on Thursday, the White House confirmed the full pardons, just over three months after the exchange itself was fined $100 million for violating U.S. law.

Arthur, the former CEO of BitMEX, had been sentenced to six months of home confinement followed by two years of probation. Benjamin, who served as chief operating officer and strategy officer, got 30 months of probation. Samuel, who was BitMEX’s chief technology officer, was handed 18 months of probation. Together, the three were fined $30 million in civil penalties.

Prosecutors said the men operated BitMEX like a money laundering platform, and allowed U.S. users to continue trading on the exchange even after announcing BitMEX would stop serving them. That announcement, according to federal authorities, was “a sham.” The platform lacked any functioning KYC or AML system and completely ignored the Bank Secrecy Act, which mandates customer identity checks and suspicious activity monitoring.

The trio had entered guilty pleas in U.S. District Court in Manhattan, admitting that they failed to establish or maintain proper controls. The court accepted the plea deals, which let them avoid prison time. Despite the non-custodial sentences, the Justice Department said their actions enabled years of unchecked financial activity that could have supported criminal transactions.

Trump grants additional pardons to Milton and Ulbricht

The BitMEX pardons were part of a larger set of actions taken by Trump this week. On Thursday night, Trevor Milton, the founder and former CEO of electric truck startup Nikola, confirmed that Trump also pardoned him. Trevor had been convicted of securities fraud and sentenced to four years in prison for misleading investors about Nikola’s tech. He hadn’t entered prison yet, as he was still appealing the case.

Trump had pardoned a crypto figure before. On January 22, he announced that he had signed a full and unconditional pardon for Ross Ulbricht, the man who built Silk Road, a dark web marketplace that used Bitcoin for illegal drug sales and other underground goods. Trump actually called Ross’s mother personally to give her the news.

Ross had been convicted in 2015 in New York on conspiracy charges related to narcotics trafficking, money laundering, and hacking. He was sentenced to two life terms plus 40 years, with no parole. Prosecutors said Silk Road handled more than $200 million in illegal transactions before being shut down in 2013.

They also said Ross tried to hire people to kill six others, including a former employee of the site. No murders were ever carried out, but the government brought it up in court to show the extent of his criminal plans.

Trump responded to critics of the pardon by posting on Truth Social. “The scum that worked to convict him were some of the same lunatics who were involved in the modern day weaponisation of government against me,” he wrote. “He was given two life sentences, plus 40 years. Ridiculous!”

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Crypto News | Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market Andjel...

Google Chrome valued at $50 Billion if antitrust court orders to sell Noor Bazmi | usagoldmines.com

Trumps warns against “millionaire tax” citing risks of wealth migration Shummas Humayun | usagoldmin...

Increased Investor Interest Could Spark 500% Surge for Shiba Inu (SHIB) and Rising Token at $0.025 C...

Crypto-crowdfunded medical journal seeks to revolutionize access to scientific studies Graham Smith ...

Sovereign Wealth funds accumulating Bitcoin as retail investors exit, says Coinbase executive Nelliu...

Hackers are hijacking Japanese trading accounts to pump penny stocks Shummas Humayun | usagoldmines....

Crypto News | Riot Platforms leverages $1.8 billion Bitcoin trove for $100 million Coinbase loan Olu...

Analysts Are Betting on Ruvi AI (RUVI) To Bring Life Changing Gains Compared To Ripple’s (XRP) Perfo...

EU targets Google and Elon Musk’s X next in big tech crackdown Nellius Irene | usagoldmines.com

Russian Energy Ministry May Ban Crypto Mining in Three More Regions Tim Alper | usagoldmines.com

Cardano Price Set For 300% Explosion With Major Bullish Impulse Scott Matherson | usagoldmines.com

Crypto News | Crypto Products See Modest $6M Inflows Weekly, Reflecting Mixed Investor Sentiment Ch...

Crypto News | Russia to launch national crypto exchange limited to high net-worth investors Assad Ja...

Business activity stagnates in eurozone, contracts in Germany and France Lubomir Tassev | usagoldmin...

Tesla flags global anti-Musk protests as a threat in new SEC filing Noor Bazmi | usagoldmines.com

OpenAI’s new GPT-4.1 gives more unsafe and biased responses Shummas Humayun | usagoldmines.com

Cardano Price Prediction: Massive ADA Pump Coming As Altcoins Rally? Joel Frank | usagoldmines.com

Will Bonk Mirror Fartcoin’s 500% Surge? Momentum Traders Say It’s Possible Michael Davis | usagoldmi...

Bitcoin Short-Term Holders Back In Green As Price Breaks $94,000 Keshav Verma | usagoldmines.com

Crypto News | ZKSync reclaims stolen $5 million tokens after hacker claims bounty offer Gino Matos |...

Crypto News | TRON Network Surpasses $70 Billion in Circulating USDT News Desk | usagoldmines.com

Coinbase bags legal victory as Alabama drops Staking enforcement case Ashish Kumar | usagoldmines.co...

Discord co-founder steps down, appoints new CEO ahead of IPO Hannah Collymore | usagoldmines.com

Pepe Coin’s (PEPE) Rapid Rise Proved Crypto’s Potential, Will Mutuum Finance (MUTM) Be the Next to E...

Riot Platforms uses Bitcoin to back short-term $100 million credit line from Coinbase Ol | usagoldmi...

Bitcoin Explodes Above $94,000 — What’s Igniting The Fire? Jake Simmons | usagoldmines.com

Crypto News | Solana’s Meteora Hit With Lawsuit Over Alleged Meme Coin Scam Wayne Jones | usagoldmi...

Crypto News | Ubisoft, Immutable to revive Might & Magic as a mobile TCG Assad Jafri | usagoldmi...

Crypto News | Sovereign wealth and insurance funds quietly accumulate Bitcoin in April – Coinbase ex...

ECB’s Christine Lagarde says US tariffs will actually ease inflation in Europe, praises Fed’s Powell...

OpenAI is interested to buy Chrome from Google Shummas Humayun | usagoldmines.com

Will Fartcoin Hit $10? Fartcoin Overtakes Bonk After Blowing Past $1 Billion Alejandro Arrieche | us...

No Crown Yet? Bitcoin Needs To Prove Itself One Win At A Time—Analyst Christian Encila | usagoldmine...

Bitcoin Price Completes Head And Shoulder Formation, Analyst Predicts Crash To $78,000 Scott Mathers...

Crypto News | Arthur Hayes predicts Treasury buybacks will drive Bitcoin beyond $110k, potentially r...

Watchdog’s ruling pushes Apple to pull Siri AI Ad for misleading customers Noor Bazmi | usagoldmines...

Official TRUMP coin surges 65% after the $TRUMP project announces an exclusive dinner event with Don...

Dogecoin (DOGE) Success Shocked The Market, And Now Experts Say Mutuum Finance (MUTM) Could Be Next ...

Bitcoin’s (BTC) and Ethereum’s (ETH) Price Surge Makes Investors Go Crazy Over Ruvi AI’s (RUVI) Incr...

DogWifHat ($WIF) Rallies 25% as Meme Coin Market Rebounds to $53.95 Billion Jimmy Aki | usagoldmines...

SEC Charges PGI Global Over $200 Million Crypto Ponzi Scheme Julia Smith | usagoldmines.com

Breaking: LAPD Seizes $2.7M in Stolen Bitcoin Miners After Cargo Ring Bust Hassan Shittu | usagoldmi...

Crypto News | XRP Ledger SDK Compromised by Backdoor Exploit Wayne Jones | usagoldmines.com

Crypto News | Alabama drops case against Coinbase as crypto policy discussions evolve Gino Matos | u...

Dogecoin (DOGE) and Ethereum (ETH) Are Far from Dead, but Here’s Why One Crypto at $0.025 Will Outru...

Chinese e-commerce platforms adjust return policy under economic pressure Hannah Collymore | usagold...

$TRUMP Holders Dinner: Token Rockets 64% as Top Investors Chase Rare Trump Invite Hassan Shittu | us...

Michael Saylor Says Newly-Confirmed SEC Chair Paul Atkins Will Be Good For Bitcoin Julia Smith | usa...

El Salvador Pitches $10K Cross-Border Crypto Sandbox to SEC for Token Tests Hongji Feng | usagoldmin...

Crypto News | Solana’s new policy champions community validators over internal reliance Assad Jafri ...

President Donald Trump to Hold an Exclusive Dinner For Top 220 $TRUMP Token Holders on May 22 Steve ...

Will Dogecoin Make It To A $60B Market Cap? 2025 DOGE Price Forecast And One Crypto Token Set To Cha...

BMW cars in China to get DeepSeek AI installation later this year Hannah Collymore | usagoldmines.co...

US Treasury Secretary Bessent accuses IMF and World Bank of ‘mission creep’ – What is it to the econ...

XRP Analyst Calls $17 Target a ‘Fork in the Road’ Moment Amid Bullish Momentum Newton Gitonga | usag...

Aptos Logs 133K Wallets, 558K Transactions in Osaka Expo Week One—Is Adoption Tanzeel Akhtar | usago...

Binance Enforces Sender-ID Checks as $278M South Africa Crypto Market Heats Up Jimmy Aki | usagoldmi...

Riot Platforms Taps $100M Bitcoin-Backed Credit From Coinbase to Turbocharge Expansion Tanzeel Akhta...

Best Altcoins to Ride the $BTC Bull Run as SoftBank and Tether Back $3B Bitcoin Fund NewsBTC | usago...

HBAR Breaks Above Massive Falling Wedge – Expert Sets $0.38 Target Sebastian Villafuerte | usagoldmi...

PEPE Shows Strength With A Firm Grip Above This Key Support Zone Godspower Owie | usagoldmines.com

Crypto News | Ethereum Price Analysis: Is ETH Breaking Free From Bearish Patterns? CryptoVizArt | u...

Crypto News | Here’s What XRP Has to Do to Challenge $3 Again: Ripple Price Analysis CryptoVizArt |...

Crypto News | Keycard Launches Pre-Sale for Shell: The Most Open, Modular Hardware Wallet to Date C...

Crypto News | Bitcoin Price Analysis: BTC Shows Strong Signs of Recovery, Is $100K Next? CryptoVizA...

Crypto News | BC.GAME to Host ‘Untamed Arena’ During TOKEN2049 Dubai, Showcasing Web3 Culture and I...

Crypto News | Bitcoin ETFs Record Largest Inflows Since Trump’s Inauguration in January Chayanika D...

Crypto News | Immutable (IMX) Goes Vertical with 45% Spike: What’s Fueling the Rally? Dimitar Dzhon...

Crypto News | Bitcoin Demand Signals Are Improving, But Bearish Conditions Persist: CryptoQuant Man...

Crypto News | Symbiotic Raises $29 Million Series A to Launch Universal Staking and Transform Block...

Crypto News | Whale Buying Pressure on Binance and Coinbase Pushes Bitcoin (BTC) Higher Chayanika D...

Crypto News | Bitcoin ETFs attract $912 million in single-day inflow, the largest since Donald Trump...

Crypto News | Bitcoin briefly flipped Google as fifth most valuable asset globally Oluwapelumi Adeju...

Crypto News | Kuwait bans Bitcoin mining over energy concerns and legal violations Oluwapelumi Adeju...

Crypto News | Global M2 money supply shifted by 90 days predicts Bitcoin price but with elastic rela...

Crypto News | PayPal shakes up stablecoin market with 3.7% interest rewards on PYUSD Oluwapelumi Ade...

Crypto News | Binance introduces stricter compliance measures for South African users Oluwapelumi Ad...

Can XRP Outperform Bitcoin in 2025?  Nidhi Kolhapur | usagoldmines.com

How to Identify Top Altcoins to Buy as Crypto Market Recovers Vignesh S G | usagoldmines.com

Recession Ahead? Bitcoin and Dogecoin Rally Could Be a Trap, Warns Bloomberg’s McGlone Mustafa Mulla...

Cardano Price Eyes $5 After 17% Surge Nidhi Kolhapur | usagoldmines.com

Meme Coins Are Pumping as Bitcoin Hits $94K — Memecoins to Watch Today Mustafa Mulla | usagoldmines....

XRP, ADA and Altcoins Rally As New SEC Chair Paul Atkins Promises ‘Principled Approach’ Nidhi Kolhap...

Mega Bullish: SOL Strategies Announces $500M to Buy More Solana Steve Muchoki | usagoldmines.com

Hyper Foundation Opens Validator Set to Public Victor | usagoldmines.com

Major Token Unlocks: $235M Set to Hit Markets by April 28 Tari | usagoldmines.com

Crypto.com Land: Fractured Fate NFT Mint Stu L | usagoldmines.com

Lattica Launches Encrypted AI Queries with FHE Victor | usagoldmines.com

XRP Ledger Foundation Warns of Critical Library Vulnerability Victor | usagoldmines.com

Magnificent Seven rallies as Trump signals easing of China tariffs Nellius Irene | usagoldmines.com

The IMF says Trump could drive America’s public debt to post-war highs Florence Muchai | usagoldmine...

Ethereum ETFs see inflows after 10-day drought as ETH reclaims $1,800 Vignesh Karunanidhi | usagoldm...

Solana (SOL) switches to decentralized validators with new staking rule change Hristina Vasileva | u...

Solana Has Lots of Room to Gain on Its ‘Invalid Cousin’ Ethereum, Asserts Trader Peter Brandt Newton...

No One’s Talking About These Meme Coins – But They’re Pumping Today Cryptonews | usagoldmines.com

Trump’s China Pivot Triggers Solana Price Spike – $1,000 SOL Now in Play? Simon Chandler | usagoldmi...

Shocking $10 Cardano (ADA) Price Prediction: Can It Materialize? Mutuum Finance (MUTM) Promises A 65...

Argentina’s Milei defies IMF and World Bank estimates, citizens incline to his economic plan Florenc...

Trump’s White House loyalists turn against each other over trade and security Noor Bazmi | usagoldmi...

Leave a Reply