BitForex founder faces $17M unrealized loss on BTC long

Garrett Jin, founder of the fraudulent crypto exchange BitForex, is facing an unrealized loss of over $17 million on his 5x long Bitcoin position on Hyperliquid (HYPE). Jin holds a 1,270 BTC long position with an average entry price of $76,117.3 and a liquidation price of $54,936.72.