The true mastermind behind the accurate short position just before the crash may be the two co-founders of WLFI, with Garrett Jin merely acting as an agent.
BlockBeats News, October 14th, according to on-chain investigator Eye, a key development has been made in an investigation into an insider trading group. The investigation reveals that the whale who previously made a high-profile ETH to BTC swap, Garrett Jin, may have only been a proxy, with the true insider information originating from a group of White House insiders.
It has been disclosed that this group has long been profiting from trading using confidential information from White House rumors and official announcements. Key information is relayed to the insider group by an aide in contact with the President, enabling them to establish highly advantageous positions ahead of major price swings. The investigation indicates that the core figures leading this operation are Zach Witkoff and Chase Herro from WLFI, and even Donald Trump's son has been involved in these activities.
The group facilitates participants with short-term notices to maximize trading gains ahead of significant price movements. Investigators stated that, for personal safety reasons, this would be their final statement on this matter.
In previous news, the analyst mentioned that the "sale of over $4.23 billion worth of BTC for ETH swap" whale is suspected to be linked to former exchange executive Garrett Jin.
