Analysis: Garrett Jin Involved in Creating Ethereum Staking Pool, Around 886,000 ETH Previously Centralized

By: theblockbeats.news|2026/01/06 21:46:02
0
Share
copy

BlockBeats News, January 6th, on-chain detective Eye revealed that the "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 (approximately $40.7 billion) was deposited into the above-mentioned staking pools, with a staking period of about four months. The fund source was traced back to the sale of BTC on Hyperliquid/Hyperunit during the 8-9 month period. Recently, this portion of ETH has been completely unstaked.


Further investigation shows 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 the Bitcoin mining company SpiderPool. It is worth noting that Jack Chen and Garrett Jin once worked in the same department at HTX:

Jack Chen: COO (2014–2016)
Garrett Jin: COO (2014–2015)

Eye pointed out that the two have long been closely cooperating, and Jack Chen is highly likely to be one of the key figures managing a fund pool of around $10 billion.

You may also like

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Stripe and PayPal are shifting from payment tools to AI business infrastructure, competing to become the default engine for AI transactions.

Popular coins

Latest Crypto News

Read more