According to Lookonchain Odaily, the address that previously exchanged 50.43 million aEthUSDT for only 327 aEthAAVE (worth $36,000) is suspected to belong to Garrett Jin (BitcoinOG1011short). On-chain tracking revealed 13 wallets that may belong to this individual. These wallets all received USDC or USDT from Binance on February 16th and February 20th, and were all reactivated today, transferring funds to two new wallets. One of these wallets shares the same Binance deposit address as Garrett Jin. Garrett Jin sold 261,024 ETH (worth $543 million) and 11,318 BTC (worth $761 million) on February 15th and February 20th respectively, closely coinciding with the timing of the aforementioned wallets withdrawing stablecoins from Binance.
The person suspected of losing $50 million in a single-currency trading transaction due to slippage is Garrett Jin.
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