Three co-founders of cryptocurrency exchange BitMEX—Arthur Hayes, Benjamin Delo, and Samuel Reed—were pardoned by President Trump on Friday, according to a report from CNBC.

All three founders pled guilty in 2022 to violations of the Bank Secrecy Act for failing to operate an anti-money laundering program at the cryptocurrency exchange. Each founder also agreed to pay a $10 million fine to settle the charges.

Editor's note: This story is breaking and will be updated with additional details.