Whale Who Took US$150 Million Just Before Trump-Triggered Crash Denies Insider Trading Allegations
JH Kim
Summary
- The Hyperliquid (HYPE) whale is accused of earning US$150 million just before the Trump-triggered virtual asset crash.
- Former BitForex CEO Garrett Jin said he earned that amount by opening a 10x leveraged Bitcoin short position before Trump's additional tariff remark.
- He reportedly flatly denied any ties to the Trump family and the insider trading allegations.
On the 13th (local time), according to crypto-focused media The Block, a Hyperliquid (HYPE) whale accused of earning US$150 million through insider trading just before the Trump-triggered virtual asset crash denied any ties to the Trump family.
Garrett Jin, the former CEO of bankrupt virtual asset exchange BitForex, opened a 10x leveraged Bitcoin (BTC) short position at Hyperliquid before Trump's remark about a 100% additional tariff on Chinese imports and reportedly earned US$150 million.
He drew a line on the matter, saying, "I have no connection to the Trump family, and this is not insider trading."
JH Kim
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