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Trader Bets on Trump Pardon for Binance Founder Amid Market ...
2025-10-24 10:30:11
Finance

Trader Bets on Trump Pardon for Binance Founder Amid Market Speculation

A cryptocurrency trader, who profited significantly by shorting the market, has made headlines for betting on the pardon of Binance founder Changpeng Zhao by Donald Trump. This trader's activities have raised eyebrows, with many speculating about potential insider knowledge regarding the pardon.

Following Zhao's pardon, bets on Sam Bankman-Fried receiving similar clemency surged, despite concerns over the severity of his actions compared to Zhao's. Experts highlight that a presidential pardon does not erase guilt and may complicate Zhao's legal standing internationally.

Meanwhile, economist Peter Schiff critiques the impact of Trump's tariff strategies on the cryptocurrency market, suggesting possible manipulation by those close to the President. This intertwining of legal and financial dynamics underscores the complexities of the current cryptocurrency landscape.

The press radar on this topic:

The Street
3. November 2025 um 09:03

Hedge fund manager slams Trump’s ‘TACO’ tariff strategy after crypto wipeout

Economist Peter Schiff has linked the recent cryptocurrency market decline to US President Donald Trump's tariff announcement on Chinese goods. Schiff claims that those close to Trump, including Vice President JD Vance, may have manipulated the market by shorting crypto before Trump posted about the tariffs. Schiff has long been a critic of cryptocurrency and used the market crash as an opportunity to compare Bitcoin unfavorably to gold and silver.
Cointelegraph.com News
24. Oktober 2025 um 09:25

Binance founder CZ’s presidential pardon is not an acquittal

The presidential pardon for CZ cements his conviction without erasing guilt. Joshua Chu, co-chair of the Hong Kong Web3 Association, notes that accepting a pardon foregoes judicial process and eliminates appeal options permanently. The CFTC's investigation revealed wilful omission of KYC/AML controls and illicit fund flows. Civil claims against Binance may include victims of terrorism and state-sponsored violence, such as those affected by Oct. 7 terror attacks. Chu warns that the pardon does..
Cointelegraph.com News
24. Oktober 2025 um 03:59

Polymarket bets that Sam Bankman-Fried gets pardon surge to 12%

Polymarket bettors have increased their odds of Sam Bankman-Fried (SBF) being pardoned by US President Donald Trump to 12% following Changpeng Zhao's pardon. This represents a nearly doubling of SBF's original odds, with over $6.5 million in bets placed on the market. Critics argue that SBF's crimes were more severe than CZ's compliance-related violations and question whether he deserves similar treatment.
Cointelegraph.com News
24. Oktober 2025 um 02:57

Trader who made $190M shorting crash also apparently bet on CZ’s pardon

A cryptocurrency trader who made a $190M profit shorting the market before a US tariff announcement allegedly also bet on Donald Trump pardoning Binance founder Changpeng Zhao. Onchain sleuths have linked the trader's Polymarket account, which made $56,522 betting on the pardon. Some argue it was insider knowledge, while others claim the pardon was expected and not an unlikely event.
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