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The founders of the BitMEX platform, a well-known cryptocurrency trading platform, were pardoned by President Donald Trump. According to Bloomberg, citing a source who preferred to remain anonymous, the convictions of Arthur Hayes, Benjamin Delo, and Samuel Reed, the three individuals who founded BitMEX, were overturned.

The trio was charged in 2020 for failing to comply with the Bank Secrecy Act. All three founders pleaded guilty in 2022 and agreed to pay $10 million each. They were also sentenced to a period of supervised release. News of the pardon was first reported last Friday.

Back in January, BitMEX was also ordered by a federal judge to pay a fine of $100 million. This penalty was due to violations of U.S. anti-money laundering laws. The legal actions against BitMEX and its founders were among the first and most significant cases targeting the cryptocurrency market.