A transaction on the Ethereum ($ETH) network has attracted significant attention in the cryptocurrency market. According to on-chain data, a user has approximately $50.4 million in assets $USDT for only about $36,000 in value $AAVEresulting in a loss of over $50 million.
The identity of the user who lost $50 million due to a major mistake has not been revealed, but it is believed to be Garrett Jin, a Bitcoin supporter.
According to on-chain analytics platform Lookonchain, Bitcoin supporter Garrett Jin is suspected of making a mistake in a $50 million transaction. $USDT exchange.
According to Lookonchain, the anonymous investor who accidentally traded 50 million $USDT for only 325 $AAVE ($36,000) on the Cow Swap platform is believed to be Garrett Jin, the founder of BitForex and a prominent Bitcoin supporter.
“The person who exchanged 50.43 million aEthUSDT for just 327 aEthAAVE ($36,000) could be Garrett Jin (BitcoinOG1011short)!”
Lookonchain reported identifying 13 wallets linked to the incident using on-chain tracking. Lookonchain discovered that one of these wallets matched a Binance deposit address belonging to Jin.
The company stated that the timing coincided with Jin’s purchase $USDT And $USDC after selling 261,000 $ETH ($543 million) and 11,318 BTC ($761 million) on February 15 and 20, and that these sales coincided with the relevant wallets withdrawing stablecoins from Binance.
The person who traded 50.43 million aEthUSDT for just 327 aEthAAVE ($36K) might be Garrett Jin(#BitcoinOG1011short)! 👀
Evidence:👇
Through on-chain tracing, we found 13 wallets that may belong to him. These wallets:
– Received all wallets $USDC or $USDT from Binance on February 16… pic.twitter.com/Vi7UkxGWMq— Lookonchain (@lookonchain) March 13, 2026
*This is not investment advice.