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The Axiom Insider Trading Scandal: New on-chain data shows wallets "knew" about the ZachXBT exposé before it dropped

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by COINS NEWS 276 Views

The Axiom Insider Trading Scandal: New on-chain data shows wallets "knew" about the ZachXBT exposé before it dropped

Following up on ZachXBT’s investigation into Axiom employees, it looks like the trail goes even deeper.

New data from Polysights has flagged several anonymous wallets that made suspiciously well-timed bets on the Polymarket "Axiom/ZachXBT" market right before the news went public.

  • The Big Win: Three specific users walked away with a combined $925,443 profit overnight.
  • Too Lucky to be Random: These wallets started "loading up" on "Yes" shares at rock-bottom prices (around 12¢ to 20¢) just minutes after the initial teaser tweet.
  • The $30k Move: One wallet deposited $30,000 and immediately started trading. The pattern of how the money moved suggests someone was trying to hide where the funds came from.
  • The Receipts: look at the screenshots attached, you’ll see several new/anonymous wallets buying "Yes" shares at massive scale while the price was still incredibly low.

Source: https://x.com/Polysights/status/2027024274058297582

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