Bitforex founder Garrett Jin moves 577,896 ETH ($1.35B) to Binance by May 11, 2026

A wallet linked to Bitforex founder Garrett Jin sent a total of 577,896 ETH—about $1.35B—to Binance across four days ending May 11, 2026. The ETH was reportedly accumulated about eight months earlier via a BTC-to-ETH swap when ether traded at $4,591, and with ETH near $2,330 the position is down roughly 49%. Onchain records also indicate the wallet still holds around 9,343 BTC, valued at about $757M.