A brand new investigation by blockchain researcher Eye has pointed to a attainable connection between Hyperliquid
$317.16M
dealer and Garrett Jin, former head of BitForex.
In a submit on X printed on October 11, Eye defined that the principle pockets utilized by this dealer, who holds greater than 100,000 BTC
$114,477.83
, is labeled ereignis.eth.
This pockets is linked to a different Ethereum Title Service (ENS)
$17.33
deal with, garrettjin.eth, which in flip results in a verified X profile belonging to Garrett Jin (@GarrettBullish).
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Based mostly on this connection, Eye famous that Jin is behind the massive buying and selling positions seen on Hyperliquid.
The submit additional outlines how transactions from the pockets in query present patterns tied to Jin’s earlier work within the crypto trade. The pockets has been used for staking and has acquired funds from addresses tied to previous exchanges, together with Huobi (also referred to as HTX).
A number of the funds additionally got here from BitForex-related sources and had been later transferred to Binance
$19.36B
, the place they might have funded high-volume trades, akin to a notable $735 million brief on Bitcoin.
Regardless of the on-chain connections raised by Eye, Crypto analyst Quinten François questioned the logic of the proof.
He said in a submit on X that it could be uncommon for somebody doubtlessly concerned in wrongdoing to make use of an ENS identify that straight hyperlinks to their public identification.
In the meantime, a cryptocurrency dealer not too long ago grew a $3,000 funding into $2 million inside hours. How did that occur? Learn the complete story.
