Garrett Jin, former CEO of collapsed cryptocurrency exchange BitForex, has vehemently denied allegations linking him to a large short position in Bitcoin following U.S. President Donald Trump’s controversial tariffs on Chinese goods. The claims were made by an anonymous researcher known as Eye and suggested Jin was involved in profiting from insider knowledge about the announcement. However, Jin asserts he has no connection with the Trump family and rejects any suggestion of wrongdoing. 100,000 BTC were reportedly locked in a wallet linked to his former firm, Hyperliquid, which opened a short position shortly before Trump’s tariffs announcement. Jin refuted these claims, stating the owner was a client, and accused Binance CEO Changpeng Zhao of amplifying the information on his platform with little regard for privacy. 5 million USD worth of Bitcoin dropped after Trump’s tariff announcement, raising questions about potential manipulation. This incident comes amid ongoing speculation about insider trading in crypto markets, where opaque transactions can significantly impact prices within moments following major political or policy news. The short position has sparked debate about the lack of transparency and accountability within unregulated platforms like Hyperliquid. While some analysts believe it was likely the result of a connected friend of Jin’s, others have questioned the timing of the trades. This case adds to the growing list of allegations surrounding crypto insider activity, following similar controversies involving suspected manipulation in various cryptocurrencies.