Who’s Behind the $200m Crypto Short That Shook the Market?
Cryptocurrency Market Plunges Amid Insider Trading Allegations Following Trump’s Tariff Threat
A dramatic cryptocurrency crash sparked by Donald Trump’s threat to impose 100% tariffs on Chinese goods has ignited new allegations of insider trading.
Anger is mounting among investors after reports suggested that an anonymous trader may have made up to $200 million (£150 million) by betting against the two largest digital currencies — Bitcoin and Ethereum — shortly before the U.S. president’s announcement.
According to industry reports, the trader opened large short positions roughly 30 minutes before Mr. Trump revealed his tariff plans, a move that sent shockwaves through global markets and erased nearly $400 billion…
