Multimillion-dollar Theft, Super Intelligence, & Suspected Insider Trades
KPMG employee suspected of insider trading
When even the federal authorities get involved in a Polymarket trader, you know their win rates are likely considered to be quite lucky. The user was betting on earnings of KPMG-audited companies with high accuracy. We found an entity of 19 accounts almost exclusively trading on quarterly earning markets related to KPMG.
- 13 traded KPMG-audited companies
- All accounts connected on-chain
- And the “luckiest” part… 41 wins, 1 loss
The entity also traded companies audited by other firms and had 82% win rate on those. Want to know more? Read our full investigation here.
The $24K mistake that would be worth $15M
Trump's push to rename Artificial Intelligence to "Super Intelligence" gave $SI the perfect narrative, and the token exploded after he publicly used "SI". The dev was ready for it. Wallet 9pkJqJ created the token and minted 20% of the supply to itself.
- 12% more sniped from 8 other wallets
- Everything sold for just $24K
- Worth $15M today
The dev did come back to buy $SI again, but it was already way too late. A brutal fumble. Follow $SI in real time:
The laptop that remains interesting
Hunter Biden’s laptop was a central talking point in political campaigns a few years ago. He thought it would be a good idea to launch a $LAPTOP memecoin, alleging he would give money to people for “free”. Instead, 80% of traders lost money• 2 lost 100K - 1M
- 100 lost $10K+
- 700 lost $1K+
- 11,000 smaller losses
All you need is one trade…
is a popular statement among DeFi traders. Sometimes though, it becomes reality. A trader was funded 2 months ago from Bybit and performed 5 trades on Robinhood for a net profit of -$200. But then, on September 2, the trader bought ~$500 worth of $ARGUS, a launchpad token on the new Arc chain. The token went up 2,000x and our trader was nearly 7 figures in profit.
Do you want to trade on Arc chain? Check everything out first on our new homepage.
Bitget got hacked
Crypto would not be crypto without a severe incident occurring at least twice per year. On September 24, we discovered suspicious activity from Bitget wallets sending over $300M across multiple chains to a single destination address, which was then dispersed across multiple addresses. The assets include Ethereum, BNB, AVAX, XAUt and stablecoins. We sincerely hope Bitget will be able to retrieve the funds. The case is currently still ongoing.
Keep track of what’s happening on our blog 👇
Bubblemaps
The top 10 Fomo traders are up $50M+
Or well, at least on paper. But if they sold, how much would they really make?
We made sure to dig into it, read our data findings here.
Some good news for the end
The CFTC has ordered investigations into the same 2 insider cases we uncovered regarding Iran-related bets on Polymarket. A case that might get a proper closure? That’s all we ever hoped for! Read our thread.
The full story is also available on Wired.
