Alleged Hyperliquid Whale Denies Insider Trading with Trumps

Garrett Jin, the former CEO of crypto exchange BitForex, has denied allegations of insider trading following a significant Bitcoin short position taken shortly before U.S. President Donald Trump announced tariffs on China. This short, amounting to $735 million, was executed less than an hour prior to the announcement, which led to a notable drop in Bitcoin's price. Jin refuted claims that he had ties to the Trump family and criticized a crypto researcher for sharing assumptions about him controlling a wallet containing over 100,000 BTC. Online reactions included skepticism about the source of the allegations, with some suggesting others may have been responsible for the trades. This incident highlights ongoing concerns over insider trading practices within the cryptocurrency market, paralleling past controversies surrounding suspicious trades related to project launches and market movements. As the investigation continues, the crypto community remains engaged with these issues concerning transparency and ethics in trading practices.

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