A blockchain analyst identified as Eye has suggested that there may be evidence of insider trading involving high-ranking officials in the US administration, with direct consequences for the cryptocurrency market. According to his investigation, some transactions at the Hyperliquid exchange were structured based on data obtained before official announcements.
According to Eye, "the information he uncovered may indicate insider activity at the highest levels of US political power." He claims that a Hyperliquid investor pocketed more than $150 million by shorting shortly before President Donald Trump announced tariffs on Chinese imports. Sources cited by the analyst indicate that these operations were aided by people very close to the White House.
Alleged leak mechanisms include:
1/ After posting the White House pictures, I have been contacted by various entities and after further researching, I decided to compress everything into a new post. It appears that some of the privileged information obtained by parts of the Hyperliquid whales shorting before the… pic.twitter.com/vs0moXRWuN
— Eye (@eyeonchains) October 13, 2025
Eye identifies Zach Witkoff and Chase Herro as central figures, both with political influence and accused of passing confidential data to pre-selected traders. This procedure would have allowed these individuals to initiate short positions shortly before critical announcements, profiting significantly.
The analyst also speculates that Trump's older children may be involved in the scheme, although only Witkoff and Herro have been confirmed so far. In previous investigations, successful transactions by a Hyperliquid user were linked to Garrett Jin, former CEO of BitForex; new evidence raises the possibility that Jin acted as an intermediary.
On the evening of October 10, 2025, the crypto market suffered a major shock following President Trump's announcement of 100% tariffs on Chinese imports. Shortly before the official announcement, an unknown trader opened a short position and profited over $150 million, reinforcing suspicions of privileged trading practices in crypto. At that moment, tens of billions in positions were liquidated in the digital ecosystem, highlighting how political decisions can provoke instantaneous reactions in the sector.