Address linked to BitForex founder deposits $394M in ETH to Binance

An address believed to belong to BitForex founder Garrett Jin deposited 166,023 ETH, worth approximately $394 million, into Binance a short time ago, according to analysis from Onchain Lens. Following the transfer, the address now holds 381,695 ETH, worth around $900 million. Jin, who founded the fraudulent exchange BitForex, is a well-known Bitcoin OG. Last October, he faced allegations of insider trading for entering a large short position just before a sharp drop in Bitcoin's price.