BitForex founder's unrealized loss on BTC long position tops $11.5M

According to on-chain data, Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, has an unrealized loss of over $11.5 million on a 5x leveraged long position of 1,268 BTC. Onchain Lens reported that Jin is still holding the position and that the scale of his profit or loss could change significantly depending on market volatility.