Garrett Jin (Former BitForex CEO, Hyperliquid Tariff Trade)
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Summary
Garrett Jin is a Hong Kong-based entrepreneur who served as CEO of the now-defunct cryptocurrency exchange BitForex from 2017 to 2020. In October 2025, on-chain investigators alleged that a wallet linked to Jin executed a leveraged short position worth approximately $1.1 billion on Hyperliquid minutes before President Trump announced 100% tariffs on Chinese imports, generating a reported profit exceeding $150 million. Jin has publicly denied insider trading and claims the wallet belongs to a client; ZachXBT, a prominent on-chain analyst, assessed the direct wallet link as thin and largely unverified. Jin is a subject of an active U.S. House Oversight Committee investigation; no criminal charges have been filed as of October 7, 2026.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(11 events)
1 January 2017
Garrett Jin begins tenure as CEO of BitForex cryptocurrency exchange.
CoinTelegraph / Bitget News1 January 2018
Blockchain Transparency Institute alleges BitForex fabricates approximately 93% of its reported trading volume via wash trading.
EIN Presswire / Education Ecosystem1 January 2023
Japan's Financial Services Agency issues a warning against BitForex for operating without proper registration.
BeInCrypto23 February 2024
Approximately $56.5 million exits BitForex hot wallets; exchange halts all withdrawals without announcement. ZachXBT reports the outflows on-chain.
Decrypt4 March 2024
Hong Kong SFC issues public warning against BitForex for suspected virtual asset-related fraud and adds the exchange to its Suspicious Platforms Alert List.
Hong Kong SFC (official)10 October 2025
President Trump announces 100% tariffs on Chinese imports. A Hyperliquid wallet allegedly linked to Jin is reported to have opened approximately $1.1B in leveraged BTC and ETH short positions approximately 30 minutes before the announcement, later closing for a profit reported between $150M and $192M.
Yahoo Finance / Unchained12 October 2025
Pseudonymous on-chain analyst 'Eye' publishes investigation alleging the Hyperliquid whale wallet is linked to Garrett Jin via ENS name chain. Jin publicly denies insider trading, states the wallet belongs to a client.
Unchained / CoinTelegraph12 October 2025
ZachXBT disputes the identification, stating the only direct wallet connection is a 40,000 USDT transfer and calling everything else 'unconfirmed theories.'
ZachXBT on X31 January 2026
The Hyperliquid wallet attributed to Jin is liquidated on a large ETH long position, incurring approximately $250M in losses. Arkham reports the account balance falls to $53.
The Block / FinanceFeeds29 September 2026
House Oversight Chairman James Comer sends formal letters to Hyperliquid Labs, Crypto.com, and PredictIt owner Aristotle Exchange, expanding an insider trading probe to include the October 2025 Hyperliquid short trade.
CNBCDecision Log
- #1publishNot recorded (failed)10/7/2026, 12:11:46 PMhash 7o3nhBYpcgFgFx9F4oZq9VqqNJ8i4gZH7ck3e4uVuPsk
model: claude-sonnet-4-6
generated: 10/7/2026, 12:11:37 PM
last updated: 10/7/2026, 2:17:17 PM
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