#zachxbt
🕵️♂️ Insider on the inside: how traders earned $1 million on the ZachXBT investigation
While the famous on-chain detective ZachXBT was preparing the exposure of the Axiom company, a group of smart traders decided not to wait for the publication, but to earn on the fact of the investigation itself.
📊 The numbers are impressive:
According to Lookonchain, 12 wallets “predicted” the results of the investigation on Polymarket:
• Total profit: over $1,000,000.
• Bets: the group invested about $400,000, receiving $1.42 million at the end.
• The biggest jackpot: the predictorxyz wallet turned $65.8 thousand into $477 thousand (+411%).
• Record profitability: one of the small players recorded a 926% profit.
🔍 What happened?
ZachXBT confirmed that the object of the investigation was the company Axiom. The main accusations:
• Lack of control over access to data.
• Ability to see private information of users (nicknames, linked accounts).
• Terrible state of internal security.
🤨 Who are these "prophets"?
ZachXBT himself doubts that the founders of Axiom played at the stakes. However, he suggests that they could have been friends or acquaintances of those whom the detective interviewed during the preparation of the material.
“The suspicious timing and clustering of bets directly indicate the use of insider information,” Lookonchain summarizes.
Crypto world in its repertoire: even news about the fight against dirty games becomes an excuse for another dirty game.