TechFlow news, October 14 — According to "on-chain detective" Eye, a significant breakthrough has been made in an investigation targeting an insider trading group. The investigation reveals that Garrett Jin, the whale who opened over $1.1 billion in BTC and ETH short positions before the October 11 flash crash, may have only acted as an agent. The true source of the insider information reportedly points to a group of individuals within the White House.
The disclosed findings indicate that this group has long profited by leveraging confidential information from White House rumors and official announcements. Critical intelligence is allegedly relayed by aides close to the president to members of the insider group, enabling them to establish highly advantageous trading positions ahead of major market movements. The investigation identifies Zach Witkoff and Chase Herro from WLFI as central figures leading these operations, with involvement also confirmed from Trump's son.
"On-chain detective" Eye stated that the group facilitated participants through short-notice alerts, maximizing trading profits before significant price moves. The investigator added that, for personal safety reasons, this will be their final public statement on the matter.
Earlier reports indicated analysts had linked the address that conspicuously swapped over 35,000 BTC into ETH starting in August, along with the address that established over $1.1 billion in BTC and ETH short positions prior to the October 11 crash—generating over $80 million in profits within 24 hours—to Garrett Jin, a former executive at a cryptocurrency exchange.
