On October 10, 2025, President Trump posted that China would face 100% tariffs. Crypto crashed. A Hyperliquid trader had already bet on the fall, says House Oversight Chairman James Comer.

That bet just pulled three more platforms into Congress’ insider trading probe. On Tuesday, Comer sent letters to Hyperliquid, Crypto.com, and PredictIt owner Aristotle Exchange.

The $1.1 Billion Bet Comer Wants Explained

Comer’s letter to Hyperliquid CEO Jeff Yan does not name the trader. It says the short went on before the tariff news was public.

“I’m expanding the House Oversight Committee’s…