US Congress Investigates Hyperliquid and Crypto.com Over Potential Insider Trading

The US House Committee on Oversight is investigating Hyperliquid, Crypto.com, and Aristotle Exchange regarding potential insider trading. The probe focuses on a massive leveraged short position on Bitcoin (BTC) and Ether (ETH) opened on Hyperliquid approximately 30 hours before President Donald Trump's October 10, 2025, announcement of new tariffs on Chinese imports. The trade reportedly yielded over 150 million dollars in profit. While the identity of the trader remains unconfirmed, the committee has requested detailed records on identity verification and suspicious activity monitoring from the platforms.