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, former CEO of the now-defunct crypto exchange BitForex, has denied multiple allegations from a pseudonymous online investigator accusing him of market shorting.
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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