The clemency covered HDR Global Trading and four former executives, including Arthur Hayes, and erased a $100 million anti-money-laundering penalty due the same day.
Donald Trump pardoned BitMEX parent HDR Global Trading on March 27, 2025, extending clemency to the company and four former executives, including co-founder Arthur Hayes, and wiping out a $100 million anti-money-laundering fine that was due that day. The move adds detail to a broader push for corporate pardons in Trump’s second term, with the concept introduced in early 2025 and BitMEX’s parent seeking clemency. The new report says the pardons have collectively waived nearly $200 million in fines, including some funds that had been intended for victim compensation. BitMEX had also launched a trading product tied to the $TRUMP meme coin, while the exchange generated $636 million in revenue last year and Hayes publicly backed Trump’s meme-coin push.