To start with the story, have you ever asked yourself one simple question: are you playing the game, or are you part of someone else’s game?
The answer is simple: you are always the player. Even whales can become part of a bigger game played by even larger whales.

Jane Street - quant trading firm on Wall Street
So let’s go back to 2022.
THE DOMINO EFFECT

The events of the previous season began when Terra Luna's UST stablecoin lost its fixed exchange rate, leading to a classic crash that cost over $50 billion and directly affected millions of cryptocurrency investors.
The WSJ revealed that the cause of Luna's collapse was a surprise attack from Jane Street, a notorious quantitative trading firm on Wall Street.
Thanks to insider trading, Jane Street profited over $1.3 billion after a massive short-selling campaign against Luna.
Following Luna's collapse, 3AC called a margin call due to overconfidence in the supercycle theory. And the bombshell that was FTX, brought down by its rival Binance, brought the story of the previous season to a close.

THE BLACK SWAN
Called name : #zachxbt

I will make another series about him and anwsering the question why I called him a black swan !
He made a post — February 23, 2026 | 19:57 UTC
written almost like an anonymous warrant, subtle but heavy enough to put the entire market on alert.

ZachXBT hinting at an upcoming investigation into a major crypto entity suspected of abusing internal data for insider trading is worth paying attention to, especially given his track record. He’s known for highly accurate on-chain investigations in the past, and when he signals something publicly, the market usually listens.
From my personal view, the impact of insider trading is clear:
It erodes market trust and makes price movements feel manipulated rather than organic.It severely damages an organization’s reputation, even before any legal conclusion.It distorts capital flow, as investors react to perceived information advantages instead of fundamentals.It increases regulatory and governance pressure on the entity involved.Over time, it weakens long-term confidence in the entire ecosystem, not just one project.
And several names are currently being repeatedly mentioned across community discussions, with Meteora, Axiom, Jupiter, and Pump being among the most frequently referenced, followed by other larger industry players that have also been brought into the conversation, including Binance $BNB .
The potential consequences include:
Reputational damage, even without formal proof.Increased regulatory scrutiny and compliance pressure.Loss of user trust and reduced trading confidence.Strained partnerships and institutional hesitation.Liquidity decline as participants turn defensive.Long-term credibility risk for the broader ecosystem.
However, as of now, all of this remains speculation. This post is not intended to accuse or target any individual or organization. It is purely an observational perspective based on ongoing public discussions, and I will continue to update the developments of this story on February 26.
Stay tunned and following me to know more about this drama.

"Btw always DYOR, Don't be a cow"
Even a genuine person can become an insider if the financial incentive is high enough. WHO KNOWS! 👀
#CreatorpadVN
@Binance Vietnam
Binance Offical Link