Binance Reveals Personal Details of Trader Accused of Crypto Market Crash
Date: 2025-10-14 Author: Gabriel Deangelo Categories: BUSINESS
A thread previously posted on the social media platform X was published on the Binance Square platform, in which blogger and on-chain analyst Eyeonchains claimed that trader Garrett Bullish may have been behind the massive crypto market crash. According to his data, Bullish opened large short positions on Bitcoin and Ethereum through the Hyperliquid platform and then sold off tens of millions of dollars worth of USDe, wBETH, and BNSOL assets on Binance. Due to a price oracle error, the USDe token lost its peg to the dollar, leading to a decline in BTC and ETH and triggering a chain reaction of liquidations.
According to Eyeonchains' investigation, Bullish's trades were executed minutes before US President Donald Trump announced tariffs on Chinese goods. The president's announcement triggered a stock market crash, which immediately impacted cryptocurrencies. Shortly thereafter, the trader's short positions proved extremely profitable—according to the blogger's estimates, his profit could have reached tens of millions of dollars.
Eyeonchains also published an image of Bullish's contact information, including his phone number. This move sparked sharp criticism, as it effectively exposed the trader's personal information. After the information was distributed in the media, speculation arose that Bullish may have had ties to White House officials and had advance knowledge of Trump's decision.
The trader himself responded publicly, accusing Binance of disclosing personal information. In his post, he addressed the exchange's CEO, Champeng Zhao, stating that he has no ties to the Trump family and did not engage in insider trading.
Binance later removed posts associated with Bullish's name from the Square platform. Some time later, Eyeonchains claimed that the trader may not have been the main organizer of the attack, but merely a front for the real participants in the insider trading scheme, the investigation of which is ongoing.
Meanwhile, crypto influencer ElonTrades suggested that the October 11 crash could have been the result of a well-planned attack on Binance. He believes that the attackers exploited a vulnerability in the pricing system, where the collateral value was determined based on Binance's order book data rather than external oracles, allowing them to artificially distort prices and trigger a panic sell-off.
The incident was one of the most high-profile of the year and once again raised questions about the transparency and security of the largest crypto exchanges.
