Alleged Hyperliquid whale denies insider trading with Trumps

A massive Bitcoin short placed minutes before US President Donald Trump announced tariffs with China on Friday has raised questions about insider trading.

Garrett Jin, the former CEO of now-defunct cryptocurrency exchange BitForex, has denied many of the claims levied against him by a pseudonymous online sleuth that involved shorting the market.

In a Monday X post, Jin said he had “no connection with the Trump family,” denying allegations of insider trading after crypto researcher Eye claimed he controlled a wallet address used by a whale to short Bitcoin (BTC).

The wallet was used to open a short position less than an hour before US President Donald Trump announced “a tariff of 100% on China” on Friday, likely contributing to the price of the cryptocurrency dropping significantly.

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