Bitcoin News Today: Garrett Jin Identified as Hyperliquid Whale Controlling Massive Bitcoin Holdings
The post Bitcoin News Today: Garrett Jin Identified as Hyperliquid Whale Controlling Massive Bitcoin Holdings appeared on BitcoinEthereumNews.com.
Crypto investigator links 100K BTC Hyperliquid whale to ex-BitForex CEO Garrett Jin, raising serious concerns over his financial integrity and past scandals. A crypto investigator has linked a massive Hyperliquid whale to Garrett Jin. This whale controls over 100,000 BTC. Jin is the former CEO of the now-defunct exchange, BitForex. BitForex is in the midst of a horrible fraud scandal. This indicates a potentially alarming relationship. Crypto Investigator Links $7B Hyperliquid Whale to BitForex Founder On-chain researcher Eye shared the results on social media. The main wallet of the whale is named ereignis.eth. The wallet was associated with another ENS name, garrettjin.eth. This second name is one that is directly connected to the verified public account of Jin. Jin graduated from Boston University (2008) with a degree in economics. Accordingly, he interned with the China Construction Bank until 2011. He then started Da Yo Trading (HK) in 2012. He ran this company successfully until 2014. Related Reading: Crypto News: Hyperliquid DEX Surpasses Coinbase, Binance, Robinhood With Zero Downtime | Live Bitcoin News Later, Jin switched his career to crypto. He was the Operations Director at Huobi (HTX) until 2015. Afterwards, he moved to Frankfurt. He was also a co-founder of FuLang Medical Germany GmbH. He stepped back from this medical platform position in 2017. Jin was the CEO of BitForex from 2017 to 2020. This dialogue soon became highly controversial. Specifically, it was charged with intentionally fabricating trading volumes. Japan’s FSA later slapped the firm in 2023. Therefore, it was found to be in operation without proper registration. In February 2024, the hot wallets were immediately compromised, and the private keys were hacked. The amount of money withdrawn without explanation was $57 million. Soon after, the website went down and users were unable to access it. Withdrawals were halted and…
