BitForex founder under insider trading suspicion opens $100M BTC long

Garrett Jin, the BitForex founder accused of profiting from insider trading ahead of last October’s largest-ever forced liquidation event, opened a roughly $100 million BTC long position at an average entry price of $76,117, according to Arkham. The position is currently showing an unrealized loss of $16 million, and Jin has also paid $1.2 million in funding fees.