US EditionCrypto Crash Sparks $300m Insider Trading Claims After Trump’s China Tariff Threat
An anonymous trader reportedly earned up to $200 million from short positions placed before the crash that wiped nearly $400 billion off crypto markets, White House denies wrongdoing.
- On October 10, President Donald Trump threatened 100% tariffs on Chinese goods, triggering a dramatic cryptocurrency crash that erased nearly $400 billion from the global market value within a day.
- Earlier this year, an April 2 tariff announcement dubbed 'Liberation Day' triggered a brief global sell-off before markets rebounded when the administration paused the measure, prompting Democrats to call for inquiries.
- Onchain data shows an anonymous trader opened large short positions roughly 30 minutes before the tariff reveal, with Onchain Lens and Hypurrscan linking a 5,000 BTC position worth $604 million to the event.
- Senator Elizabeth Warren urged the U.S. Securities and Exchange Commission to investigate insider profits, while White House officials denied claims as Bitcoin, Ethereum and Dogecoin remained lower since Friday.
- At the International Monetary Fund Autumn Summit, Washington, global policymakers and finance ministers warned the episode compounded worries about a $3 trillion expansion into private credit.
13 Articles
13 Articles
By betting on the decline in the crypto market, which was weakened by an announcement by Donald Trump, an investor took millions of dollars in profits in one day.
Sydney Morning Herald
Crypto anger as investors claim insider trading in $600b Trump crash
The cryptocurrency crash triggered by the US president’s threat of 100 per cent tariffs on China on Friday has unleashed fresh claims of insider trading.
Was the crypto bloodbath a reaction to Trump’s tariffs or an insider trade?
Could the crypto bloodbath have been avoided, or did systemic flaws, algorithmic trades, and insider timing make it inevitable once Trump’s tariffs went public? Crypto bloodbath wipes out $19 billion On Oct. 11, global crypto markets experienced one of their…
Crypto Market Rattled by Insider Trading Allegations Following Trump’s Tariff Remarks – Digital News & Investigative Reports
MARKET TURMOIL ERUPTS AFTER TARIFF THREAT Global cryptocurrency markets plunged sharply on Monday after former U.S. President Donald Trump issued a renewed threat to impose tariffs on key imports. Within minutes of his statement, Bitcoin and other major digital assets faced intense selling pressure, wiping billions from market capitalization. Analysts described the sudden volatility as one of the most abrupt sell-offs in recent months. SUSPICIO…
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