A blockchain analyst using the pseudonym "Eye" has reported a possible insider trading scheme linked to the White House. According to the analyst, one trader on the Hyperliquid platform managed to make a huge profit—over $150 million—through short positions opened just hours before Donald Trump announced the imposition of 100% tariffs on Chinese imports.
The analyst claims the trading activity may have been based on leaked information from individuals close to the presidential administration. Trump aides Zach Witkoff and Chase Herro are among the potential participants in the scheme. According to Eye's sources, they had access to classified political data and were able to pass it on to a select group of traders, enabling them to profit significantly from market fluctuations.
Sources claim the data transfer chain involved contacts within the White House and representatives of foreign policy structures, particularly those linked to the Chinese Communist Party. This created a multi-layered network of confidential information exchange used for speculation in the crypto market.
Eye also noted that the president's eldest sons may have been indirectly involved in this story, although there is no evidence of their involvement yet. Currently, only the names of Witkoff and Herro have been confirmed.
Analysts had previously been drawn to the unusually successful trading activity of a Hyperliquid user associated with former BitForex CEO Garrett Jin. However, new evidence suggests that Jin was likely merely a front for the true participants in the scheme.
The events unfolded on the night of October 10-11, 2025, when the crypto market experienced a sharp decline. The crash occurred immediately after Trump announced tariffs against China. It was just before this speech that an unknown trader opened large short positions, generating astronomical profits of tens of millions of dollars.
The analytical community is now actively discussing whether this will become the largest insider trading scandal in the history of the crypto market. If the information is confirmed, the investigation could involve not only White House staff but also high-ranking officials from the president's inner circle.