NVIDIA Scandal Hits Crypto: Bitcoin Drops, $1B Liquidated

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Nvidia scandal hits crypto hard as its board opened an independent investigation into CEO Jensen Huang after reports of his relationship with a woman U.S. intelligence agencies believe may have ties to Chinese intelligence. The news broke over the weekend of November 8–9, 2026, when traditional U.S. equity markets were closed. Crypto markets, which never sleep, reacted first and sharply. Bitcoin briefly fell below $74,000, its lowest level since August. Ethereum dropped more steeply below $2,100. According to data cited across multiple reports, more than $1 billion in leveraged cryptocurrency positions were liquidated within 24 hours, the large majority of them long positions. Nvidia perpetual futures on platforms such as Hyperliquid and Binance, along with tokenized Nvidia shares, declined roughly 3–4 percent ahead of the regular market open. How a Personal Scandal Became a Market Event Huang admitted in an internal memo that he had been unfaithful to his wife. The woman involved, Alice Huang (also referred to as Huang Le), is a former executive at Singapore-based cloud company ...