Garrett Jin’s ZEC short reaches $50.99 million as unrealized loss hits $25.85 million

  • A Garrett Jin-linked address transferred 35,001 ETH from Binance to Hyperliquid on Sept. 17, 2026.
  • Jin’s roughly 37,760 ZEC short was valued at $50.99 million and showed a $25.85 million unrealized loss.
  • The 3x leveraged position faced liquidation near $2,631, while Lookonchain said the ETH could replenish margin or support the short.

A Garrett Jin-linked address withdrew 35,001 ETH worth about $85 million from Binance on Sept. 17, 2026, and transferred it to Hyperliquid, according to Lookonchain. The former BitForex CEO and founder was maintaining a roughly 37,760 ZEC short valued at $50.99 million, with an unrealized loss of $25.85 million as ZEC traded near $1,400 and liquidation near $2,631. Lookonchain said the ETH could be sold to replenish margin or support the short. The transfer followed a roughly 577,000 ETH deposit to Binance in May 2026 and came after Jin realized an approximately $250 million loss on a long ETH trade earlier that year. Jin has said some assets linked to his wallets belong to clients, making it difficult to distinguish proprietary capital from client funds through on-chain data.

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