🕵️‍♂️ The ZachXBT Effect: A $65K Bet Uncovers an Alleged Insider Trading Network at Axiom

Body of the post:

The well-known blockchain detective, ZachXBT, has uncovered a complex web of alleged insider trading involving Axiom Exchange and several firms. But the story has a twist worthy of a suspense novel. 🧵

The Predictor Got It Right... and Won a Fortune

It all started on Polymarket, where a user with the alias predictorxyz bet $65,800** that ZachXBT would investigate Axiom. The result: a profit of **$411,400. A suspiciously perfect hit!

ZachXBT's Counter-Investigation, who traced the funds of predictorxyz to an address on Solana. What was found? That address was linked to an active Axiom user known as "JustADegen". The plot was weaving very close to the company being investigated.

More Names in the Shadows: Gorilla Capital and "Agash"

It has been identified that another key address in the case, which injected $50,000 into the prediction market, could be related to Gorilla Capital and an individual named "Agash" through time analysis. ZachXBT has confirmed that he had no direct communication with Gorilla Capital, but the on-chain evidence points to troubling connections.

"The Leak Was Inevitable"

ZachXBT himself admitted that, because the investigation required interviewing multiple people, the leak of information was to be expected. His progress post went viral, surpassing 8 million views and creating a prediction market of over $34 million.

What do you think?

This case not only exposes potential wrongdoing in the sector but also raises complex questions about the nature of prediction markets and the inevitable leak of information.

Do you think we will see legal consequences for those involved? Or is this just the tip of the iceberg of insider trading in crypto? 👇 I read your comments.

#zachxbt #axiomtrade #insidertrading #Polymarket #BinanceSquareFamily