BitForex founder Garrett Jin transfers $147 million USDC from Hyperliquid to Binance

  • Garrett Jin withdrew the entire $147 million USDC balance from a linked Hyperliquid address.
  • $147 million in USDC was deposited into Binance after the withdrawal.
  • Garrett Jin faced insider-trading allegations linked to last October's crypto liquidation event.

BitForex founder Garrett Jin reportedly withdrew roughly $150 million in Circle's USDC from Hyperliquid, including the full $147 million balance of an address linked to him. The withdrawn funds were deposited into Binance, leaving the Hyperliquid address empty. Jin has faced allegations of profiting from insider trading connected to last October's major crypto liquidation event.

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