The most controversial guy on crypto just lost 128 million USD
In case you never heard of him, here's a short story about Garrett Jin.
He ran BitForex, yep, the same crpyto exchange that vanished with $57M of user funds back in 2024, although Hong Kong regulators issued fraud warnings.
Users never got their money back.
That's not all ..
On October 11, 2025 he opened a whopping $1.1 Billion short position on $BTC and $ETH through hyperliquid.
A minute later, Trump tweets 100% tariffs on China. Market nukes and liquidated $19B in 24 hours.
Garrett's PnL is at $200M in a single day
The timing was so suspicious CZ personally reposted the on-chain investigation, Arkham labeled his wallet as "Trump Insider Whale"
Of course CT went bonkers with all the accussations.
Needless to say, Garrett denied everything and said it was "just good macro analysis."
After the huge win, he flipped bullish. Opened massive longs on BTC and ETH worth hundreds of millions.
The same move that made him a legend.
But, The market had other plans.
ETF outflows, Tariff fears, BTC dumped and is currently trading at around $77K
His positions bled, he got liquidated and took a loss of $128M
The Market truly knows how to settle scores.
Even the guy who seem to see the future, can't win it all.
🚨🇺🇸 Tesla ($TSLA) just eclipsed Bitcoin in market cap.
Tesla isn’t just a car company anymore. It’s being valued bigger than the entire flagship crypto asset, which for years was treated as the digital store of value play.
Bitcoin$BTC used to be the symbol of tech-future value. Now it’s playing 2nd fiddle to a legacy tech disruptor that keeps finding new growth stories.
A diplomatic feud has erupted on X after Solana co-founder Anatoly Yakovenko reposted a scathing article by ÓKX’s Star Xu.
The post blamed Binance’s "Alpha" listings and technical failures for the devastating October 10 market crash.
Viewing this endorsement as a hostile "Water Army" attack, Changpeng Zhao (CZ) immediately unfollowed Yakovenko, signaling a public severance of ties between the crypto giants amidst the ongoing market bleeding.
Src: X (Twitter) Activity, Star Xu "10/10" Article.
Clash Crypto
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@CZ UNDER FIRE: EX-CEO BLAMES "PAID BOTS" FOR CRASH ACCUSATIONS🚨
Traders are actively scapegoating Changpeng Zhao (CZ) for the October 10th Liquidation Event, alleging deliberate Binance glitches caused $1.7 billion in losses.
CZ hit back in a Jan 30 AMA, labeling the accusations a "Water Army" smear campaign funded by rivals.
He cited $600 million in compensation paid to legitimate victims, insisting the crash was driven by macro-tariffs, not manipulation, while dismissing distraction tactics from SBF.
@CZ UNDER FIRE: EX-CEO BLAMES "PAID BOTS" FOR CRASH ACCUSATIONS🚨
Traders are actively scapegoating Changpeng Zhao (CZ) for the October 10th Liquidation Event, alleging deliberate Binance glitches caused $1.7 billion in losses.
CZ hit back in a Jan 30 AMA, labeling the accusations a "Water Army" smear campaign funded by rivals.
He cited $600 million in compensation paid to legitimate victims, insisting the crash was driven by macro-tariffs, not manipulation, while dismissing distraction tactics from SBF.
🔴RED ALERT: CRYPTO CRASHES AS BILLIONS VANISH IN MASSIVE SELL-OFF🚨
The market is reeling from a "perfect storm" of negative pressure. Over $1.7 billion in bullish positions were liquidated in 24 hours, triggering a cascade of forced automated selling.
Institutional confidence has shattered, with $1.1 billion exiting Spot ETFs this week alone.
As the Federal Reserve signals higher-for-longer interest rates, investors are aggressively rotating capital into Gold, leaving Bitcoin fighting to survive critical support levels near $80,000.