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Who is the 'Hyperliquid insider whale' behind crypto's dramatic ...
2025-10-14 10:30:11
Markets

Who is the 'Hyperliquid insider whale' behind crypto's dramatic downturn?

The cryptocurrency market is currently engulfed in intrigue following a dramatic crash that has left investors scrambling. A mysterious trader, dubbed the 'Hyperliquid insider whale', capitalized on this downturn, reportedly earning nearly $200 million by shorting bitcoin and ether.

This trading spree coincided with significant geopolitical events, leading to rampant speculation about potential insider trading. Former BitForex CEO Garrett Jin has found himself at the center of controversy, vehemently denying any connections to the trader or the Trump family.

Meanwhile, analysts are questioning the reported $19 billion losses, suggesting the actual figure could be as high as $400 billion. In response to the turmoil, Binance has committed to compensating users impacted by technical failures during this unprecedented market upheaval, marking one of the most significant liquidation events in crypto history.

The press radar on this topic:

The Street
15. Oktober 2025 um 20:08

Binance to compensate users after technical snag during $19B market crash

Binance has pledged to compensate users affected by technical issues during a $19 billion market crash on Oct. 10. The crash was triggered by Donald Trump's announcement of 100% tariffs on China, causing a mass exodus from risk assets and one of the largest crypto wipeouts in history. Binance co-founder Yi He apologized for disruptions and invited affected users to register their losses with customer service. Over $19.3 billion in leveraged positions were liquidated within 24 hours, marking one..
The Street
14. Oktober 2025 um 19:05

Analyst warns market crash wiped out $400B

Crypto analysts are challenging official data on the Oct. 10 market crash, suggesting a potential loss of $300B to $400B, significantly higher than the reported $19B. Binance's API throttling may have contributed to underreporting, according to an automated analytics account. The event was described as the largest liquidation in crypto history, with 1.6 million traders affected and long positions wiped out at a 7:1 ratio to shorts.
Cointelegraph.com News
14. Oktober 2025 um 06:02

Mysterious Hyperliquid trader is doubling down on their Bitcoin short

A mysterious Bitcoin trader known as the 'Hyperliquid insider whale' has doubled down on their short position, putting $496 million worth of Bitcoin at 10x leverage. This is after they initially banked $192 million from a previous short position. The trader's identity remains unknown, but former BitForex CEO Garrett Jin denied any connection to the Trump family and claimed that the fund belongs to his clients.
Business - South China Morning Post
14. Oktober 2025 um 08:32

Bitcoin crash sparks search for mystery crypto trader who profited US$200 million

The global cryptocurrency market is searching for a mystery trader who profited nearly $200 million by shorting bitcoin and ether before a recent market rout. The trades, executed on Hyperliquid, were made just before US President Donald Trump announced additional tariffs on Chinese imports, sparking speculation about insider trading. Blockchain analyst 'eyeonchains' accused Chinese investor Garrett Jin of being the trader, but Jin denied any connection to the Trump family or insider trading.
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