BitForex Founder Garrett Jin Withdraws $48M in BNB After Massive ETH Deposit Into Binance

Garrett Jin, founder and former CEO of the now-defunct BitForex, has been making a notable shift in his crypto portfolio, moving holdings from Ethereum (ETH) into Binance Coin (BNB).

On-chain data shows that over the past seven hours, he withdrew 71,066 BNB—worth about $48.47 million—from Binance.

This latest transaction follows a much larger move just days earlier, when he deposited 577,896 ETH, valued at roughly $1.35 billion, into Binance, marking a clear sequence of large-scale repositioning activity across his holdings.

Source: Lookonchain