Crypto Trader’s Alleged Trump Pardon Bet Boosts Profits After Shorting Market

A crypto trader who reportedly profited from shorting the market before US President Donald Trump’s tariff announcement is now rumored to have made a significant profit betting on the possibility of a pardon for Binance founder Changpeng “CZ” Zhao. Onchain sleuths point to Polymarket data suggesting this trader placed a bet predicting a 2025 Trump pardon, resulting in $56,522 in earnings. The trader’s actions sparked speculation about insider information, following previous short positions that were timed with market drops just hours before Trump’s announcement on China tariffs. Experts are divided on the potential for insider trading, while some argue the probability of a pardon was already widely discussed prior to Trump’s decision. This comes as crypto expert Garett Jin denies any involvement in the wallet connected to the alleged trade, claiming he had no link to the President or his family. While others see this move as clear evidence of insider knowledge, further details remain unclear.