A recent investigation by crypto researcher Eye has unearthed a compelling link between the mysterious Hyperliquid whale—who controls over 100,000 BTC—and Garrett Jin, former CEO of defunct exchange BitForex. This revelation raises questions about potential market manipulations and ties to past industry scandals within the evolving cryptocurrency landscape. Investigative analysis suggests Jin’s involvement through wallet activity linked to major exchanges like Huobi and Binance, with large Bitcoin trades occurring on these platforms. While Jin has founded numerous ventures following his time at BitForex, which faced allegations of fraudulent trading volume manipulation and operating without proper registration, investors remain skeptical. Concerns over potential illicit fund laundering practices within DeFi and crypto markets persist. The case highlights the ongoing need for greater transparency and regulation in the decentralized finance space.