Let Freedom: Political News, Un-Biased, Lex Fridman, Joe Rogan, CNN, Fox News Insider Trading Sparks $19 B Crypto Market Crash
Oct 22, 2025
The crypto market was shaken by a mysterious investor making $200 million during a $19 billion flash crash linked to insider trading. The discussion reveals how political announcements impacted Bitcoin and altcoins, leading to widespread liquidations. They examine allegations against trader Garrett Bullish and the challenges of potential prosecution amidst legal ambiguities. Insights into past crypto insider cases illustrate the complexities of enforcing accountability in trading. The host emphasizes the need for transparency, urging that wrongdoing should face strict repercussions regardless of political influence.
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Flash Crash From Tariff News
- A sudden policy announcement on October 10 triggered a crypto crash that wiped out roughly $19 billion in leveraged positions within 24 hours.
- Bitcoin and major tokens were hit hard, while altcoins suffered even worse losses during the same period.
Garrett Bullish's Controversial Trade
- Trader Garrett Bullish reportedly shorted heavily before the tariff news and booked a nearly $200 million profit from the crash.
- Internet sleuths alleged insider trading and tied him to political figures, which Garrett denied in a public thread.
Regulatory Gridlock Limits Enforcement
- Regulatory action is unlikely right now due to unclear legal frameworks and agencies operating with skeleton staffs amid a government shutdown.
- The SEC and CFTC treat different tokens differently, adding jurisdictional complexity to any enforcement effort.