8.86 triệu ETH ẩn sau những con cá mập khổng lồ: Từ bán tháo BTC đến cuộc chiến ngầm về staking

【Block Rhythm】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 value exceeding $4 billion inflow.

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

After further investigation into the background, it was discovered that the company behind it is registered on LinkedIn as “Hypercieve,” headquartered in Singapore. The co-founder of this company 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 pool of approximately $10 billion in scale. From BTC selloffs, to ETH staking, to the background of fund-related personnel, the tightness of this entire chain is indeed worthy of in-depth attention.