Blockchain Sleuth Links Garrett Jin to Hyperliquid Trader

Blockchain Sleuth Links Garrett Jin to 100,000 BTC Hyperliquid Trader

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 13, 2025

Key Takeaways

A wallet holding 100,000 BTC on Hyperliquid may be linked to former BitForex CEO Garrett Jin, according to ENS records and transaction patterns;
The wallet activity shows links to past exchanges Jin was involved with, including Huobi and BitForex, and includes a $735 million Bitcoin short;
Some analysts argued why someone would use an ENS name that directly links to their verified identity if hiding wrongdoing.

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A new investigation by blockchain researcher Eye has pointed to a possible connection between Hyperliquid $334.25M trader and Garrett Jin, former head of BitForex.

In a post on X published on October 11, Eye explained that the main wallet used by this trader, who holds more than 100,000 BTC BTC $115,521.17 , is labeled ereignis.eth.

This wallet is linked to another Ethereum Name Service (ENS) ENS $17.67 address, garrettjin.eth, which in turn leads to a verified X profile belonging to Garrett Jin (@GarrettBullish).

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Based on this connection, Eye noted that Jin is behind the large trading positions seen on Hyperliquid.

The post further outlines how transactions from the wallet in question show patterns tied to Jin’s previous work in the crypto industry. The wallet has been used for staking and has received funds from addresses tied to past exchanges, including Huobi (also known as HTX).

Some of the funds also came from BitForex-related sources and were later transferred to Binance $19.57B , where they may have funded high-volume trades, such as a notable $735 million short on Bitcoin.

Despite the on-chain connections raised by Eye, Crypto analyst Quinten François questioned the logic of the evidence.

He stated in a post on X that it would be unusual for someone potentially involved in wrongdoing to use an ENS name that directly links to their public identity.

Meanwhile, a cryptocurrency trader recently grew a $3,000 investment into $2 million within hours. How did that happen? Read the full story.