A brand new investigation by blockchain researcher Eye has pointed to a doable connection between Hyperliquid
$370.76M
dealer and Garrett Jin, former head of BitForex.
In a put up on X printed on October 11, Eye defined that the primary pockets utilized by this dealer, who holds greater than 100,000 BTC
$113,054.41
, is labeled ereignis.eth.
This pockets is linked to a different Ethereum Title Service (ENS)
$16.70
deal with, garrettjin.eth, which in flip results in a verified X profile belonging to Garrett Jin (@GarrettBullish).
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Primarily based on this connection, Eye famous that Jin is behind the big buying and selling positions seen on Hyperliquid.
The put up 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 obtained funds from addresses tied to previous exchanges, together with Huobi (also referred to as HTX).
Among the funds additionally got here from BitForex-related sources and had been later transferred to Binance
$17.72B
, the place they could have funded high-volume trades, corresponding to a notable $735 million quick 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 put up on X that it could be uncommon for somebody probably concerned in wrongdoing to make use of an ENS identify that immediately hyperlinks to their public id.
In the meantime, a cryptocurrency dealer lately grew a $3,000 funding into $2 million inside hours. How did that occur? Learn the complete story.
