Trump pardons convicted Binance founder • Hacker News Board

Re: Trump pardons convicted Binance founder

#431

Post by selfmodruntime » Thu, Oct 23, 2025, 9:40 PM UTC

afavour wrote: post #419

jpadkins wrote: post #382

Earlier quoted context omitted.

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).

> There is a lot of evidence coming out that the Biden administration was corrupting the justice system This kind of vague fluffy language is becoming very common. What evidence? Where is it coming out from?

Not a fan of the other guy but keeping a decrepit old man from the press because you know he can‘t do the job, all while - surprise surprise - the exact same guy who is older than my grandpa when he died gets diagnosed with a long time form of stage 4 bone cancer that can‘t possibly have gone unnoticed while he was having access to presidential healthcare is kind of a big deal.

Re: Trump pardons convicted Binance founder

#432

Post by cogman10 » Thu, Oct 23, 2025, 9:40 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.

IDK, I think Carter's pardon of draft dodgers was a pretty good use of the pardon power.

The problem seems to be that we have unjust laws and punishments. We should have some way to apply mercy in that case. For example, I (hope to) see a future where people jailed for MJ related crimes get a mass pardon.

Re: Trump pardons convicted Binance founder

#433

Post by meowface » Thu, Oct 23, 2025, 9:41 PM UTC

seviu wrote: post #386

coliveira wrote: post #232

Earlier quoted context omitted.

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…

For anyone unaware, financial fraud investigation YouTuber Coffeezilla just released a good video laying this all out a few hours ago: https://www.youtube.com/watch?v=JMEJTORMVN4

Re: Trump pardons convicted Binance founder

#434

Post by JumpCrisscross » Thu, Oct 23, 2025, 9:41 PM UTC

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

> cannot comprehend how half of Americans are fine with this corrupt leader?

They've normalized corruption irrespective of magnitude. That's partly a problem of the little corruption existing in the first place. But it's also a problem of education and tribal populism being given this much power.

Re: Trump pardons convicted Binance founder

#435

Post by ganksalot » Thu, Oct 23, 2025, 9:41 PM UTC

bananalychee wrote: post #406

returningfory2 wrote: post #279

Earlier quoted context omitted.

Nope, Biden pardoning his son was also widely condemned across the political spectrum as an abuse of the pardon power.

He didn't just pardon his family members and issue questionable preemptive pardons, he also issued the most pardons of any president ever, and not by a small margin, but by a factor of 20 compared to Trump up to now, in a single term, including pardons for violent criminals and yes, white-collar fraudsters as well. They didn't get much publicity because most of them were committed at the tail end of his term while th…

it doesn't matter how you count it, what you are saying is bullshit: https://en.wikipedia.org/wiki/List_of_people_pardoned_or_gra...

the substance of the pardons matters a great deal, as well.

Re: Trump pardons convicted Binance founder

#436

Post by afavour » Thu, Oct 23, 2025, 9:41 PM UTC

mightyham wrote: post #330

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

Is the irony not lost you that Joe Biden pardoned his own son for crimes he was absolutely guilty of. I don't see how that is any less corrupt. This isn't whatboutism either because I'm not trying to say that what Trump is doing is okay, I'm pointing out that this behavior is not particular to Trump and his supporters. The large majority of Americans are fine with corruption as long as it's their team.

You talk as if corruption is a binary: corrupt or not corrupt.

I’m not supportive of Biden pardoning his son. But it’s inarguable that the Trump administration is orders of magnitude more corrupt than Biden’s was. To say “they’re both corrupt” is to flatten everything out to meaninglessness.

Re: Trump pardons convicted Binance founder

#437

Post by selfmodruntime » Thu, Oct 23, 2025, 9:41 PM UTC

swader999 wrote: post #413

mightyham wrote: post #330

Earlier quoted context omitted.

Is the irony not lost you that Joe Biden pardoned his own son for crimes he was absolutely guilty of. I don't see how that is any less corrupt. This isn't whatboutism either because I'm not trying to say that what Trump is doing is okay, I'm pointing out that this behavior is not particular to Trump and his supporters. The large majority of Americans are fine with corruption as long as it's their team.

Biden didn't pardon, the auto pen did.

Biden obviously wasn‘t in the mental state to do anything himself in the last year of his presidency.

Re: Trump pardons convicted Binance founder

#438

Post by madmountaingoat » Thu, Oct 23, 2025, 9:41 PM UTC

Havoc wrote: post #312

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

>I cannot comprehend how half of Americans are fine with this corrupt leader? Don't think fox news is going to report that he enriched the prez...

I think most actually know and don't think it's all that much different from what other have done for decades. I'm not saying they are correct to think it, just that they do think it. They think it's refreshing that the corruption is in the open. It's a societal boy-cried-wolf numbness. People are tired of the of finger pointing and screaming about every thing and now don't listen when the real stuff goes down.

Re: Trump pardons convicted Binance founder

#439

Post by wmf » Thu, Oct 23, 2025, 9:41 PM UTC

toastgrave wrote: post #164

daveguy wrote: post #157

At this point, I wouldn't touch crypto with a 10 ft pole. What happens when everyone recognizes that the whole thing has turned into a money laundering grift? Who's going to give you anything for your bozo bucks? At this rate, it's not going to take long.

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

Maybe there's an alternate timeline where crypto was legalized and regulated into something like fair gambling... but that's not what we're getting. Anyone getting into crypto now is just a sucker to be milked dry.

Re: Trump pardons convicted Binance founder

#440

Post by scrps » Thu, Oct 23, 2025, 9:41 PM UTC

fancyfredbot wrote: post #347

zer00eyz wrote: post #186

Earlier quoted context omitted.

You might want to go look at CDO's... or synthetic CDOs. In comparison, crypto looks like a rational product relative to that.

The bad idea was making bad loans, putting them in CDOs, and then using flawed models to certify them as risk free. That's irrational. Dividing up the credit risk on a pool of loans so that some people lose money only if all the loans go bad is a very good idea. You just need to make sure they are good loans.

The irony being it would actually help lower the barrier for entry a little to get a home loan on the consumer end of the spectrum but as you said they dropped that barrier subterranean and then predatory crap like payment-option ARMs and a massive lack of informed consent.