Trader Who Made $190m Shorting Crash Also Apparently Bet on Cz's Pardon

Posted2 months agoActive2 months ago

amrrs

79 points

17 comments

cointelegraph.comOtherstory

heatednegative

Debate

85/100

CryptocurrencyBinanceDonald TrumpPardon

Key topics

Cryptocurrency

Binance

Donald Trump

Pardon

A trader made $190M shorting a crypto crash and allegedly bet on Binance's CZ receiving a pardon from Trump, sparking concerns of corruption and insider trading in the comments.

Snapshot generated from the HN discussion

Discussion Activity

Light discussion

First comment

Peak period

4-6h

Avg / period

2.1

Comment distribution17 data points

Loading chart...

Based on 17 loaded comments

Key moments

01Story posted
Oct 25, 2025 at 5:04 PM EDT
2 months ago
Step 01
02First comment
Oct 25, 2025 at 6:23 PM EDT
1h after posting
Step 02
03Peak activity
4 comments in 4-6h
Hottest window of the conversation
Step 03
04Latest activity
Oct 26, 2025 at 11:11 AM EDT
2 months ago
Step 04

Generating AI Summary...

Analyzing up to 500 comments to identify key contributors and discussion patterns

Discussion (17 comments)

Showing 17 comments

paulkon

2 months ago

2 replies

Why risk using the same wallet to make $56k?

georgemcbay

2 months ago

> Why risk using the same wallet to make $56k?

What risk do you think they face...?

Whoever made these moves is obviously a Trump insider.

In 2025 ass out corruption is fully legal as long as you are (or are willing to pay enough in money and public flattery).

fakedang

2 months ago

Because it's an obvious insider and not a sophisticated trader.

mothballed

2 months ago

1 reply

Right before electric vehicle penny stock WKHS was set to go bankrupt, Trump magically showed up endorsing them and a deal with GM causing the stock price to explode[0]. The truck itself basically never came to fruition beyond a few prototypes and was featured on Hindenburg because the CEO, after spinning it off as lordstown motors, was fined by the SEC after essentially lying about having massive orders and production capabilities while their truck was literally catching fire on the road (as in, there is footage of it in the Hindenburg Research video).[1]

I don't know if this particular case is insider trading, but it is my experiential belief that Trump insiders have to be involved in some shady trading methods.

[0] https://www.cnbc.com/2019/05/08/trump-tweet-sends-penny-stoc...

[1] https://youtu.be/n0Y81M8oWn4?t=159

mikestew

2 months ago

I don't know if this particular case is insider trading, but it is my experiential belief that Trump insiders have to be involved in some shady trading methods.

Given the performance of this administration, I’d be truly disappointed if they weren’t. And not even all that shady, just “Trump’s opening his mouth about tariffs tomorrow, go buy some put options now.”

enigma101

2 months ago

1 reply

nothing to see here folks let's move on shall we

ProllyInfamous

2 months ago

1 reply

>"We know that they are lying,

>they know that they are lying,

>they even know that we know they are lying,

>we also know that they know we know they are lying too,

>they of course know that we certainly know they know we know they are lying too as well,

>BUT THEY ARE STILL LYING.

>The lie has become not just moral category, but the pillar industry of this country [Russia]."

—Aleksandr Solzhenitsyn on vranyo [0] emphasis/formatting mine

[0] https://www.amazon.com/Gulag-Archipelago-1918-1956-Investiga...

skinnymuch

2 months ago

1 reply

That was such a bad book. Seeing how much of it is incorrect, made up, exaggerated etc. I never would have had much interest in the Soviet Union until I read a few trash books including that one that are hyped by westerners.

Though that quote is pretty good. Works well for liberal democracies in modern times

ProllyInfamous

2 months ago

Which book is, in your opinion, a more accurate portrayal?

I love differing perspectives, am retired, and will read it.

Reubend

2 months ago

1 reply

While we're all here, does anyone have some theories on simi8lar bets worth making? The article says that CZ's investments "practically screamed pay-for-pardon".

jxmesth

2 months ago

Would also like to know

reverendjames

2 months ago

1 reply

Go check if insider trading on either of these markets is even against the law. The SEC makes laws for equities markets, not online gambling.

fakedang

2 months ago

The best part about the crypto market is that it's completely unregulated. No centralized governing authority means none of the protections that are typically afforded to equities exist. HFT quickly jumped on the opportunity and now makes a killing on it, us included. Plus with every consumer trading app now enabling crypto trading, the number of suckers in the overall pool has been significantly expanded.

ugh123

2 months ago

Someone check his connections to DJTJ

nikolay

2 months ago

Nobody, even in the crypto scam world, has any doubt that it is Trump's shady family who is behind this!

jbverschoor

2 months ago

That’s one lucky guy!

labrador

2 months ago

cough cough Barron cough