Lookonchain reported that Garrett Jin, the founder of the fraudulent cryptocurrency exchange BitForex, deposited 30 million USDC into Hyperliquid (HYPE). The address currently holds a 5x leveraged long position in Bitcoin worth approximately $39 million, with unrealized losses of about $82,000. Meanwhile, Garrett Jin, who founded the cryptocurrency exchange BitForex, which is facing fraud charges from Hong Kong authorities, is one of the prominent Bitcoin OGs. He was suspected of insider trading last October for entering a large short position just before the Bitcoin crash.
