Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Trader Behind $190M Crypto Short Bets on CZ Pardon in 2025

Trader Behind $190M Crypto Short Bets on CZ Pardon in 2025

CoinomediaCoinomedia2025/10/24 10:33
By:Ava NakamuraAva Nakamura

A trader who made $190M shorting crypto now bets CZ will be pardoned in 2025. What's the strategy behind this bold prediction?A High-Stakes Bet on a Controversial FigureInsider Knowledge or Just Smart Speculation?

  • Trader earned $190M shorting crypto before Trump’s tariff news.
  • Now bets $56K on Binance’s CZ being pardoned in 2025.
  • Speculation grows over insider info and political ties.

The crypto world is buzzing again—this time not over prices, but politics. The same trader who famously earned $190 million by shorting the crypto market right before Donald Trump’s tariff announcement has resurfaced with a bold bet on Polymarket. This time, they’ve wagered $56,000 that Changpeng “CZ” Zhao, the former CEO of Binance, will be pardoned in 2025.

It’s a move that’s left the crypto community scratching their heads and asking: What does this trader know that the rest of us don’t?

A High-Stakes Bet on a Controversial Figure

CZ is currently awaiting sentencing after pleading guilty to violations related to anti-money laundering laws. His legal troubles have cast a shadow over Binance, one of the largest cryptocurrency exchanges globally.

Now, someone is betting big that the next U.S. President will issue him a pardon. That alone is intriguing. But what makes this more fascinating is the timing and identity of the bettor—the same person who accurately predicted a market crash linked to geopolitical policy.

Polymarket, a blockchain-based prediction platform, allows users to bet on real-world events. A $56K bet is no small gamble, and it’s enough to spark speculation that the trader has some political or legal insight that others don’t.

Insider Knowledge or Just Smart Speculation?

This isn’t just about crypto anymore—it’s about political outcomes, legal systems, and market psychology. Could this be a well-calculated prediction based on upcoming political changes in 2025? Or is this another example of someone with access to insider information pulling levers in silence?

Whatever the case, the trader has gained a reputation for making moves that turn heads—and profits. And if they’re right about CZ too, they might just go down as one of the most enigmatic figures in crypto speculation.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

With retail investors leaving, what will drive the next bull market?

Bitcoin has recently plummeted by 28.57%, leading to market panic and a liquidity crunch. However, long-term structural positives are converging, including expectations of Federal Reserve rate cuts and SEC regulatory reforms. The market currently faces a contradiction between short-term pressures and long-term benefits. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.

MarsBit2025/12/09 22:59
With retail investors leaving, what will drive the next bull market?

Tether's "son" STABLE crashes? Plunges 60% on first day, whale front-running and no CEX listing spark trust panic

The Stable public blockchain has launched its mainnet. As a project associated with Tether, it has attracted significant attention but performed poorly in the market, with its price plummeting by 60% and facing a crisis of confidence. It is also confronted with fierce competition and challenges related to its tokenomics. Summary generated by Mars AI. The accuracy and completeness of the content are still being iteratively updated.

MarsBit2025/12/09 22:59
Tether's "son" STABLE crashes? Plunges 60% on first day, whale front-running and no CEX listing spark trust panic

From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026

We are undergoing a “purification” that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.

深潮2025/12/09 21:49
From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026
© 2025 Bitget