6 ms·

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

79 points by amrrs 1y ago

paulkon 1y ago
Why risk using the same wallet to make $56k?
- fakedang 1y ago
  Because it's an obvious insider and not a sophisticated trader.
- georgemcbay 1y 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).
  - marcusverus 1y ago
    [flagged]
mothballed 1y ago
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-stock-workhorse-surging-by-more-than-50percent-crashes-website.html https://www.cnbc.com/2019/05/08/trump-tweet-sends-penny-stoc... [1] https://youtu.be/n0Y81M8oWn4?t=159 https://youtu.be/n0Y81M8oWn4?t=159
- mikestew 1y 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 1y ago
nothing to see here folks let's move on shall we
- ProllyInfamous 1y ago
  >"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-Investigation-Solzhenitsyn/dp/B00IGYS8VK/ https://www.amazon.com/Gulag-Archipelago-1918-1956-Investiga...
  - skinnymuch 1y ago
    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 1y ago
      Which book is, in your opinion, a more accurate portrayal? I love differing perspectives, am retired, and will read it.
ugh123 1y ago
Someone check his connections to DJTJ
nikolay 1y ago
Nobody, even in the crypto scam world, has any doubt that it is Trump's shady family who is behind this!
labrador 1y ago
cough cough Barron cough
Reubend 1y ago
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 1y ago
  Would also like to know
reverendjames 1y ago
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 1y 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.
jbverschoor 1y ago
That’s one lucky guy!

79 points by amrrs 1y ago

paulkon 1y ago

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

fakedang 1y ago
Because it's an obvious insider and not a sophisticated trader.
georgemcbay 1y 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).
- marcusverus 1y ago
  [flagged]

mothballed 1y ago

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-stock-workhorse-surging-by-more-than-50percent-crashes-website.html https://www.cnbc.com/2019/05/08/trump-tweet-sends-penny-stoc... [1] https://youtu.be/n0Y81M8oWn4?t=159 https://youtu.be/n0Y81M8oWn4?t=159

mikestew 1y 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 1y ago

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

ProllyInfamous 1y ago
>"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-Investigation-Solzhenitsyn/dp/B00IGYS8VK/ https://www.amazon.com/Gulag-Archipelago-1918-1956-Investiga...
- skinnymuch 1y ago
  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 1y ago
    Which book is, in your opinion, a more accurate portrayal? I love differing perspectives, am retired, and will read it.

ugh123 1y ago

Someone check his connections to DJTJ

nikolay 1y ago

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

labrador 1y ago

cough cough Barron cough

Reubend 1y ago

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 1y ago
Would also like to know

reverendjames 1y ago

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 1y 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.

jbverschoor 1y ago

That’s one lucky guy!