$40M in Bets Placed Before Insider Trading Reveal

[cryptohog]

Ahead of ZachXBT’s announcement, speculation ran rampant on Polymarket about which crypto firm would be implicated in an insider trading probe. Nearly $40 million was wagered on the outcome, with a subset of traders betting specifically that Axiom would be named. At least one user reportedly profited around $400,000 from correct predictions tied to the investigation.

Before the reveal, many bettors suspected decentralized liquidity platform Meteora would be the target. A spokesperson for Meteora later stated that the situation highlighted the importance of transparency and strong operational controls, noting the platform has significantly evolved since 2025. The episode underscores how closely crypto markets — and prediction markets — now intersect with investigative disclosures.

[cryptoenthusiast]

almost $40 million riding on corporate misconduct like it’s the super bowl