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>>A lawyer supporting XRP is calling for an inquiry into the circumstances surrounding the recent price plunge.

A lawyer supporting XRP is calling for an inquiry into the circumstances surrounding the recent price plunge.

crypthub

2 days ago

Suspicious Bitcoin Short Position

A significant controversy has arisen within the crypto world, alleging a massive short position in Bitcoin was opened and closed for an $88 million profit just before a major U.S. tariff announcement. This timing, coupled with a lack of transparency, has raised concerns about potential insider information or market manipulation, prompting calls for a thorough investigation. Crypto analyst Vivek Sen initially reported the alleged trade with screenshots purporting to show the activity.

Legal Concerns and Industry Reaction

Prominent pro-XRP attorney John E. Deaton has publicly urged an investigation into the incident, elevating it from an internet rumor to a matter of public interest. Deaton's involvement highlights concerns about fairness, transparency, and accountability within the crypto market. Independent investigatory groups are examining on-chain data and trading records to seek further clues.

Potential Implications and Future Actions

If validated, the incident could lead to increased regulatory oversight of crypto derivatives platforms, potentially requiring exchanges to reveal sensitive data. The case serves as a test for accountability within the evolving crypto market. Regulators and exchanges are being watched for responses to the allegations.