Crypto’s Wild Weeks: Exploits, Insiders & 60 Minutes
From a Polymarket trader hitting a near-impossible 98% win rate and $2.4M in profit, to a compromised admin wallet draining $600K, a Ghanaian ex-president shilling an obvious rug, and a brutal reminder of how quickly fortunes flip in crypto, all while our investigation landed us on 60 Minutes. Let's dive in!
Investigation Far Beyond Crypto
The team at Bubblemaps were honored to be invited to the leading American news broadcast, 60 Minutes.
We discussed a recent investigation we conducted, surrounding a Polymarket trader with 98% win rate. An almost unbelievable number which led to $2.4M profit for the trader in question.
In fact, this is so rare that most would wonder if we're looking at a potential insider trader?
The bet in question? US Military action, such as strikes, and the fall of the Iranian regime. Read 60 Minutes
Polymarket alert
On May 22, a Polymarket admin address got exploited and attackers were removing 5,000 $POL every 30 seconds. This lead to $600k stolen so far
The exploit was initially reported by ZachXBT. Beware before interacting with the compromised address.
UPDATE: Ghana Ex-President & CWU
This cluster is selling, $600k sold so far and still holds 85% of all $CWU.
When the president shared his initial video, backing the CWU-token, he described it as a "Bold and forward-thinking initiative" that would "empower communities, redefine how we transact, and build trust with one another".
Why is a president backing this obvious rug?
Retrospect: The 10/10 BTC Shorter
If the 10/10 BTC shorter, Garrett Jin, hadn't touched ETH, he'd be up +$70M today. Instead, his all time PNL is -$128M.
Thank you for reading & stay safe,
Bubblemaps Team
