A crypto trader linked to former BitForex CEO Garrett Jin has fully exited a highly leveraged ether position on Hyperliquid, locking in losses of roughly $250 million, according to on-chain data from Arkham. The account now holds just $53, marking a sharp collapse for a trader who became widely known after earning around $200 million by shorting bitcoin and ether ahead of the October 2025 tariff-driven market selloff. The trader, often referred to as the “Hyperunit whale,” had spent recent months building an aggressive ETH long that at its peak exceeded $700 million in notional value. That exposure unraveled this ... (full story)