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Congress probes Crypto.com, Hyperliquid over suspicious trades and user checks amid insider trading concerns

Market News
29 Sep 2026
Crypto Briefing
View Source
Bearish
Congress probes Crypto.com, Hyperliquid over suspicious trades and user checks amid insider trading concerns

House Oversight Chair James Comer has requested records from Crypto.com, Hyperliquid, and PredictIt about their user verification and suspicious trade detection processes. This is part of a broader congressional investigation into potential insider trading in prediction markets, focusing on a leveraged short on Hyperliquid linked to nonpublic tariff information. The probe signals increased regulatory scrutiny that could affect market confidence and trading volumes on these platforms. Investors should watch for responses from the companies and any further congressional actions that might influence market sentiment and pricing.

The congressional probe into Crypto.com, Hyperliquid, and PredictIt comes amid ongoing market activity in major cryptocurrencies on Pluang. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 29, 2026 23:51 WIB: out of 50 major cryptocurrencies, 21 rose and 28 fell today. Notable movers include LINK at Rp263.400 with a 1-day change of -2.68% and Pluang order activity showing 40% Sell / 60% Buy, SUSHI at Rp4.670 with +2.68% change and 93% Sell / 7% Buy order activity, and YFI at Rp43.786.929 with +2.28% change and 97% Sell / 3% Buy order activity.

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