The address of BitForex founder Garrett Jin, who is suspected of profiting from insider trading just before the largest-ever forced liquidation event in October last year, sold all 35,000 ETH ($87.5 million) withdrawn from Binance the previous day at $2,500 per ETH. According to EmberCN, the address added a portion of the sale proceeds to the margin of a ZEC short position, which is currently recording an unrealized loss of approximately $30 million. As a result, the liquidation price of this position increased from $2,631 to $4,738.
