Analysis: Garrett Jin was involved in creating an Ethereum staking pool, with approximately 886,000 ETH being collectively operated.

On January 6th, on-chain detective Eye revealed that “BTC OG Insider Whale” agent Garrett Jin, through his company XHash, participated in creating two Ethereum staking pool contracts—Eth2Depositor (0x2F4) and EthBatchDepositor (0xE00). Data shows that approximately 886,440 ETH (about $4.07 billion) was deposited into the aforementioned staking pools, with a staking period of about four months. The source of the funds was traced back to BTC sales on Hyperliquid / Hyperunit during August and September. Recently, all of this ETH has been fully unstaked. Further investigation indicates that the related company is registered on LinkedIn under the name “Hypercieve,” located in Singapore, with one of the co-founders being Jack Chen. Jack Chen is also the founder of Bitcoin mining company SpiderPool. Notably, Jack Chen and Garrett Jin previously worked in the same department at CEX: Jack Chen as Operations Director (2014–2016), Garrett Jin as Operations Director (2014–2015). Eye pointed out that the two have long worked closely together, and Jack Chen is very likely one of the key figures involved in managing a fund vault of approximately $10 billion.