Binance News: Trump Pardons BitMEX Co-founders Convicted of Financial Crimes

In a surprising turn of events, former President Donald Trump has granted pardons to the co-founders of the embattled cryptocurrency exchange BitMEX, who were convicted of financial crimes.

Trump Pardons BitMEX Co-founders Convicted of Financial Crimes

Former President Donald Trump has pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed. The three had pleaded guilty to federal charges related to money laundering and regulatory violations for failing to implement anti-money laundering measures at BitMEX, which prosecutors labeled a “money laundering platform.” Reed admitted to violating the Bank Secrecy Act in 2022 and agreed to pay a $10 million fine. Despite BitMEX’s claims of withdrawing from the U.S. market, authorities alleged that the move was a “sham.” In January, BitMEX was ordered to pay a $100 million penalty for violating U.S. banking laws.

Binance Founder Dismisses Listing Effect as MUBARAK Coin Faces Volatility

Binance founder Changpeng Zhao has stirred market discussions by dismissing the price influence of centralized exchange (CEX) listings. Despite historical trends linking listings with price surges, Zhao maintains that project fundamentals drive long-term value. His remarks have created uncertainty among traders and investors. Since its listing on Binance, the MUBARAK coin has faced a dramatic price reduction, falling nearly 40%, contradicting market expectations of a price surge.