Raksasa tak terlihat di balik 8.86 juta ETH: dari penjualan BTC hingga perang rahasia staking

【BlockBeats】On-chain analysis discovered that an individual named Garrett Jin and his company XHash were involved in developing two Ethereum staking contracts — Eth2Depositor and EthBatchDepositor. These two contracts attracted approximately 886,440 ETH, with a total inflow value exceeding $4 billion.

Interestingly, the source path of these massive funds has been traced with crystal clarity. According to on-chain data, the ETH originally came from proceeds of BTC sell-offs on the Hyperliquid and Hyperunit platforms during August to September of last year. After the funds entered, they were locked in the staking pool for approximately four months, and have recently completed full unstaking.

Further background investigation revealed that the company behind this is registered on LinkedIn as “Hypercieve,” headquartered in Singapore. The company’s co-founder is Jack Chen, who is also the founder of Bitcoin mining pool enterprise SpiderPool.

What’s particularly noteworthy is the connection between these individuals. Jack Chen and Garrett Jin previously worked together at the same exchange, both serving as Chief Operating Officer during the 2014-2016 period. This long-term collaborative relationship suggests they are likely core figures jointly managing a fund worth approximately $10 billion. From the BTC sell-offs, to ETH staking, to the background of fund-related individuals, the tightness of this entire chain is indeed worth deeper attention.