Trump pardons convicted Binance founder • Hacker News Board

Re: Trump pardons convicted Binance founder

#381

Post by vkou » Thu, Oct 23, 2025, 9:24 PM UTC

froggertoaster wrote: post #230

Alifatisk wrote: post #188

I cannot comprehend how half of Americans are fine with this corrupt leader? He even does this bizarre maffia like deals out in the open for his own interest, that's how confident he is no one will say anything The message is clear from his circus administration, you can do anything as long as you bribe them

Hi, Trump voter here. I'm NOT fine with this.

If you think this is wrong, please, I implore you to do something about it.

Your reps (or likely preferred choice of reps, if they didn't win their district) are enabling this, and don't give two shits about anything I say.

Re: Trump pardons convicted Binance founder

#382

Post by jpadkins » Thu, Oct 23, 2025, 9:24 PM UTC

coliveira wrote: post #232

Alifatisk wrote: post #188

I cannot comprehend how half of Americans are fine with this corrupt leader? He even does this bizarre maffia like deals out in the open for his own interest, that's how confident he is no one will say anything The message is clear from his circus administration, you can do anything as long as you bribe them

Americans cannot accept they have a corrupt government lead by a corrupt politician who is now corrupting the justice system. They prefer to continue propagating the myth of a "healthy democracy" and "open market".

The choice was between two corrupt options (same as its been for a long time). There is a lot of evidence coming out that the Biden administration was corrupting the justice system, FBI, and foreign relations for the benefit of the DNC and his family.

Honestly, the billionaire is less corrupt-able than the DNC nexus (we all know Biden wasn't running the show, and neither would Harris).

Re: Trump pardons convicted Binance founder

#383

Post by snek_case » Thu, Oct 23, 2025, 9:25 PM UTC

daveguy wrote: post #168

toastgrave wrote: post #164

Earlier quoted context omitted.

Hasn't that been apparent for years now though? It's a cool idea but really no real use that doesn't boil down to some sort of crime

Yeah, I don't think the dominos will fall until the next flash crash when people realize it takes $100+ just to withdraw (because 7 transactions per second isn't many). As soon as confidence is lost, the reaction will be full blown tulip market. We just haven't seen the first bank run yet. And there is literally no backstop for a crypto bank run.

Will definitely be entertaining to watch if it happens.

Re: Trump pardons convicted Binance founder

#384

Post by collingreen » Thu, Oct 23, 2025, 9:25 PM UTC

gottorf wrote: post #332

bena wrote: post #306

Earlier quoted context omitted.

Yeah, because he was guarding them against the current administration abusing the Justice Department to go after them. Same reason he pardoned Fauci and others. And from what we've seen, he was right to do so. Although, they've been angling to declare his pardons void so they can go after whoever they wish.

[flagged]

That's nothing like what's being said, I'm really surprised you read it that way.

Re: Trump pardons convicted Binance founder

#385

Post by bediger4000 » Thu, Oct 23, 2025, 9:25 PM UTC

9dev wrote: post #217

bediger4000 wrote: post #79

Earlier quoted context omitted.

I have doubts that JD Vance can pull off a Republican realignment to himself. He's not a 2nd gen wealthy person who assumes that every one will do his bidding.

And trump himself isn’t exactly that?

He is precisely that, and I believe it's the secret of his success. Vance doesn't have that. Sure, he's wealthy now, but he didn't grow up with wealthy, narcissistic parents himself. Vance won't be able to command obedience reflexively, automatically, like Trump can, with attitude and habit alone.

Re: Trump pardons convicted Binance founder

#386

Post by seviu » Thu, Oct 23, 2025, 9:25 PM UTC

coliveira wrote: post #232

Alifatisk wrote: post #188

I cannot comprehend how half of Americans are fine with this corrupt leader? He even does this bizarre maffia like deals out in the open for his own interest, that's how confident he is no one will say anything The message is clear from his circus administration, you can do anything as long as you bribe them

Americans cannot accept they have a corrupt government lead by a corrupt politician who is now corrupting the justice system. They prefer to continue propagating the myth of a "healthy democracy" and "open market".

You would be surprised…

Regarding CZ and Binance and the Trumps, they have kind of a symbiotic relationship.

After Binance and CZ pleaded guilty to money laundering in November 2023, for which they paid over $4 billions in fines, WLFI (which is a clone of AAVE belonging to the Trump family) launched a stablecoin called USD1. Magically on March 2025, $2 billion flowed into Binance through MGX, a state backed Abu Dhabi fund, later revealed to have been paid in USD1 (two months before it was unveiled and without at the time no effective audits), effectively propping WLFI’s coin (backed, unbacked, nobody knows, I assume backed). CZ applied for a presidential pardon inmediately after in May 2025.

WLFI now gets to earn about $60–80 million per year in yield from the USD1…

…As long as Binance doesn’t redeem those $2 billion.

I still don’t know what MGX got out of this deal, but I am pretty sure they didn’t walk empty handed.

Re: Trump pardons convicted Binance founder

#387

Post by krior » Thu, Oct 23, 2025, 9:26 PM UTC

adastra22 wrote: post #335

Alifatisk wrote: post #188

I cannot comprehend how half of Americans are fine with this corrupt leader? He even does this bizarre maffia like deals out in the open for his own interest, that's how confident he is no one will say anything The message is clear from his circus administration, you can do anything as long as you bribe them

Only had of Americans vote, only half of them voted for Trump, and his approval rating is down significantly since inauguration. It is not accurate to say that half of Americans are ok with this. It’s just our system doesn’t allow for doing anything about it except wait.

> It’s just our system doesn’t allow for doing anything about it except wait.

"Healthy democracy"

Re: Trump pardons convicted Binance founder

#388

Post by guywithahat » Thu, Oct 23, 2025, 9:26 PM UTC

dboreham wrote: post #241

kbd wrote: post #233

The pardon power has been so abused these past few administrations that it's clear there should be constitutional changes in the pardon power, either congressional review, or strip it altogether.

Agree. It seems to have (never had?) any positive benefit.

I mean there are lots of people arrested on effectively political charges, and it's good to be able to reflect on it years later and get them out of jail. I'm not convinced Changpeng Zhao's charges would have ever been brought against him if the Biden admin didn't go so hard against crypto, I'm happy to see him pardoned. Hopefully next Trump can get whistle blowers like John Kiriachou

Re: Trump pardons convicted Binance founder

#389

Post by jimmydoe » Thu, Oct 23, 2025, 9:26 PM UTC

Workaccount2 wrote: post #274

Alifatisk wrote: post #188

I cannot comprehend how half of Americans are fine with this corrupt leader? He even does this bizarre maffia like deals out in the open for his own interest, that's how confident he is no one will say anything The message is clear from his circus administration, you can do anything as long as you bribe them

He pardoned the guy from Nikola, Trevor Milton, that staged a product demo to trick investors. Why? Milton hired Pam Bondi's (the US attorney general's) brother to represent him.

King has to show his power by doing bad things constantly. If he only does good, he's just a people pleaser.

Re: Trump pardons convicted Binance founder

#390

Post by AgentME » Thu, Oct 23, 2025, 9:27 PM UTC

gottorf wrote: post #332

bena wrote: post #306

Earlier quoted context omitted.

Yeah, because he was guarding them against the current administration abusing the Justice Department to go after them. Same reason he pardoned Fauci and others. And from what we've seen, he was right to do so. Although, they've been angling to declare his pardons void so they can go after whoever they wish.

[flagged]

By considering the facts of the matter, sure it's as you said. But if you ignore every detail then it does look like everyone is exactly as bad as each other and it's impossible to say anything is good or bad.