Trump grants pardons to Bitmex founder and crypto icon Ross Ulbricht-another step in the controversial foreign policy of the former president.

Von Krypto News Österreich

Trump hebt Verurteilungen von BitMEX-Gründern auf: Ein Blick auf die Hintergründe und die Auswirkungen Laut CNBC hat Donald Trump die Bundesverurteilungen von Arthur Hayes, BenjAmin Delo und Samuel Reed, den ehemaligen Führungskräften der Plattform BitMEX, aufgehoben. Diese Entscheidung kam nur wenige Monate nach einer geldlichen Strafe von 100 Millionen US-Dollar, die aufgrund von Verstößen gegen US-Recht verhängt wurde. Die Begnadigungen wurden durch das Weiße Haus am Donnerstag bestätigt. Arthur Hayes, der ehemalige CEO von BitMEX, wurde zuvor zu sechs Monaten Hausarrest und zwei Jahren Bewährung verurteilt. BenjAmin Delo, der als Chief Operating Officer und Strategy Officer tätig war, erhielt 30 …
Trump raises convictions of Bitmex founders: A look at the background and the effects, according to CNBC, Donald Trump has lifted the federal convicts of Arthur Hayes, Benjamin Delo and Samuel Reed, the former executives of the Bitmex platform. This decision was made just a few months after a financial sentence of $ 100 million, which was imposed due to violations of US law. The pardon was confirmed by the White House on Thursday. Arthur Hayes, the former Bitmex CEO, was previously sentenced to six months of house arrest and two years of probation. Benjamin Delo, who worked as a Chief Operating Officer and Strategy Officer, received 30 ... (Symbolbild/KNAT)

Trump reveals convictions of Bitmex founders: A look at the background and the effects

According to CNBC, Donald Trump has lifted Arthur Hayes, Benjamin Delo and Samuel Reed, the former Bitmex platform. This decision was made just a few months after a financial sentence of $ 100 million, which was imposed due to violations of US law. The pardon was confirmed by the White House on Thursday.

Arthur Hayes, the former Bitmex CEO, was previously sentenced to six months of house arrest and two years of probation. Benjamin Delo, who worked as a Chief Operating Officer and Strategy Officer, received 30 months of probation, while Samuel Reed, Chief Technology Officer, received 18 months. Together, the three also had to carry civil punishments of $ 30 million.

The federal authorities had already stated that Bitmex operators had operated their platform like money laundering surgery. US users were made possible to act on the stock exchange, although the authorities had already warned that this violated legal regulations. The platform lacked decisive systems for identity testing (KYC) and to combat money laundering (AML) and ignored banking secrecy, which prescribes the identification and monitoring of suspicious activities.

Before the US district court in Manhattan, the three men had confessed that they had maintained inadequate controls over the platform. The court accepted their Pleas and enabled them to avoid punishment. The Ministry of Justice found that their actions had not enabled years of financial activities that could have supported criminal transactions.

pardon for Trevor Milton and Ross Ulbricht

The pardon of Hayes, Delo and Reed were part of a wider series of measures that Trump took this week. On Thursday evening it was also known that Trevor Milton, the founder and former CEO of the electric vehicle startup Nikola, was pardoned by Trump. Milton had been convicted of securities fraud and had received a four -year sentence, but had not yet started his prison sentence because his case was still pending.

Before that, Trump had also pardoned Ross Ulbricht, the founder of the Dark Web marketplace Silk Road, who had used Bitcoin for trade with illegal drugs and other illegal goods. Trump was personally aimed at Ulbricht's mother to deliver the news of his pardon. Ulbricht was sentenced to two lifelong prison terms plus 40 years without probation for conspiracy in connection with drug trafficking, money laundering and hacking. The public prosecutor had noted that Silk Road had handled over $ 200 million of illegal transactions before the platform was closed in 2013. In addition, it was also claimed that Ulbricht had tried to commission order murders to silence witnesses.

Trump defended his decisions on pardon in a publication on social media and described the critics as "scum" who wanted to condemn him. The discussion about these pardons raises questions about the responsibility of managers in the cryptocurrency industry and highlights the ongoing challenges of regulation and monitoring in a rapidly developing market.