Address linked to Garrett Jin deposits $350M in BTC to Binance

An address suspected of belonging to former Bitfinex founder Garrett Jin has deposited 5,000 BTC ($335.75 million) to Binance, Lookonchain reported. Deposits to exchanges are typically interpreted as a precursor to selling. Jin (BitcoinOG1011short) is a well-known Bitcoin OG who faced insider trading allegations last October for entering a large short position immediately before a market crash.