BlockBeats news, January 6, Chain analyst Eye revealed that Garrett Jin, agent of the "BTC OG insider whale," participated through his company XHash in creating two Ethereum staking pool contracts—Eth2Depositor (0x2F4) and EthBatchDepositor (0xE00).

Data shows that approximately 886,440 ETH (worth about $4.07 billion) were deposited into the aforementioned staking pools, with a staking period of about four months. The funds were traced back to BTC sales on Hyperliquid/Hyperunit between August and September. Recently, all of this ETH has been fully unstaked.

Further investigation revealed that the relevant companies were registered under the name "Hypercieve" on LinkedIn, based in Singapore, with one of the co-founders being Jack Chen. Jack Chen is also the founder of the Bitcoin mining company SpiderPool. Notably, Jack Chen and Garrett Jin previously worked in the same department at HTX: Jack Chen: Director of Operations (2014–2016); Garrett Jin: Director of Operations (2014–2015). Eye pointed out that the two have had long-term close collaboration, and Jack Chen is highly likely to be one of the key individuals involved in managing a fund pool worth approximately $10 billion.