Exchanges· ★★★· bearish·

BitForex founder Garrett Jin withdraws $150M USDC from Hyperliquid to Binance

  • —An address tied to Garrett Jin withdrew $147 million USDC from Hyperliquid
  • —All funds were deposited to Binance
  • —The USDC balance on Jin's Hyperliquid address is fully depleted
  • —Jin is suspected of insider trading during October's market crash
Why it matters: A large DEX-to-CEX transfer may signal preparation to sell or exit the platform.
#USDC#HYPE
Source: Bloomingbit
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