On-chain data analysis shows that an address allegedly belonging to Garrett Jin, the founder of BitForex, just deposited 166,023 ETH, worth approximately $394 million, to Binance. After the transfer, the address currently holds 381,695 ETH, valued at about $900 million. Garrett Jin, who founded the fraudulent exchange BitForex, is one of the prominent Bitcoin OGs and was previously suspected of insider trading last October for entering a large short position just before a Bitcoin price crash.
