Garrett Jin, former CEO of the defunct cryptocurrency exchange BitForex, has refuted allegations of insider trading linked to a significant Bitcoin short position. Following claims by researcher Eye that Jin controlled a wallet responsible for a $735 million Bitcoin short position, Mr. Jin clarified on social media that he had no connection to the Trump family. He emphasized that the wallet belongs to a client in his statement. In response to former Binance CEO Changpeng Zhao’s retweet of Eye’s accusations, Jin criticized Mr. Zhao for disclosing personal information and impacting public opinion. 100% tariffs on China announced by President Trump on Friday, October 10th were followed by a brief dip in Bitcoin price (to $102,000) before his statements about the tariffs changed course. The short position’s timing raises concerns about potential market knowledge of policy announcements and resulted in the trader making over $150 million in profits. The following day, he opened a new $160 million Bitcoin short position with 10x leverage at an entry price of $117,370.