BitMEX founders and HDR Global Trading
- Status
- Pardons granted
- Clemency
- Pardon (individual and corporate) · Mar 27, 2025
- People
- Donald Trump
- The case
- Bank Secrecy Act violations by Arthur Hayes, Ben Delo, Samuel Reed and Gregory Dwyer; the parent company had a $100 million fine due the same week.
THE LINK TO TRUMP’S ORBIT
No lobbyist or donation is documented in the cited sources. The grants came the same day as the Milton pardon, according to the Justice Department list.
WHAT THE RECORD SHOWS
Four individual pardons and a corporate pardon for HDR Global Trading Limited.
RESPONSE
Hayes wrote “Thank you POTUS” in a post on X, CNBC reported; co-founder Ben Delo said in a statement that the Justice Department “wrongfully targeted BitMEX and its co-founders” and called the pardon “a vindication.” The report quotes no response from Reed or Dwyer.
Correction. An earlier version said the grants came the same day as the Milton pardon and during the launch period of Trump-family crypto ventures. The same-day timing is from the Justice Department list; the earlier wording implied a connection the cited sources do not establish. Corrected September 18, 2026. Note added September 23, 2026.
SOURCES
- Wikipedia: List of people granted executive clemency in the second Trump presidency ↗
- U.S. Department of Justice, Office of the Pardon Attorney: Clemency grants by President Donald J. Trump (2025-present) ↗
- NBC Los Angeles (CNBC): Trump pardons three BitMEX crypto exchange co-founders, and ex-employee ↗
A connection recorded here is not proof that it bought the outcome. Where a response exists, it is part of the record. How entries are labeled · Submit a correction or response · Download the ledger
