Previously on The Big Bitcoin Short: a trader shorted Bitcoin minutes before President Trump’s tariff post and booked about $160 – $200 million.
Eye, a crypto investigator who helped frame the story by tracing wallets and proposing that Garrett Jin could be a front for a broader network, has now stepped back, citing safety concerns.
Eye suspended work on the Bitcoin short case after unsubstantiated allegations that the trade involved a network linked to World Liberty Financial.
Before stepping back on Oct. 14, Eye advanced a view that the wallet tied to Garrett Jin may be a conduit for information moving from insiders to traders able to build favorable positions around policy timing.
“Garret doesn’t seem to be the main actor. He is probably just a frontman, but this was the starting point for tracking the real insider trading ring…
The crucial information given to the HL whale most likely comes from a group of insiders who have long been exploiting confidential information from the White House rumors and official announcements ahead of time.”
The names raised include World Liberty Financial co-founders Zach Witkoff and Chase Herro, who are linked to Donald Trump Jr., and the contention that a leaker may have passed information to parties other than Jin, reinforcing a “front” hypothesis.
A 30% sell-off of WLFI tokens hours before the tariff announcement, at a time when Bitcoin dropped just 3%, has also raised eyebrows within the industry.
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Author: Liam ‘Akiba’ Wright
