The alleged insider trading event on Polymarket is raising concerns over links to the wider political scenario. Specifically, the timing of the event suggests its likely link to some Coinbase deposits. As per the data from CoinRank, this raises alarms amid the potential associated with the individuals linked with World Liberty Financial (WLFI). The respective personnel reportedly include Steven Charles Witkoff as well as his family.
On-Chain Data Links Polymarket Insider Event to Witkoff-Linked Wallets
The on-chain data reveals that a couple of wallets backingthe Polymarket account of the insider show a direct link to deposits from Coinbase. One of the wallets received 252.39 $SOL in funding, matching almost exactly with the wallet stvlv.sol’s deposit, which also had StevenCharles.sol and StCharles.sol ENS domains. Another wallet, labeled as Solhundred.sol, presented multimillion-dollar transfers associated with StevenCharles.sol, fortifying suspicions related to WLFI involvement.
Additionally, the blockchain transfer map indicates these connections, linking wallets like stevencharles.sol ($9.38) and stvlu.sol ($122,230.68) parallel to deposits into Kraken and Coinbase. The potentially connected personnel include Alex Witkoff, Zach Witkoff, and Steven Witkoff. While there is no direct proof, this data suggests a likely insider link.
U.S. Intervention in Venezuela Sparks Debate over Political Future
At the same time, the U.S. intervention into Venezuela under Trump leadership and abduction of its President, Nicolas Maduro, has further fueled this controversy. The parallel occurrence of these events has raised questions over the Venezuelan oil markets and the political future of Maduro. Nonetheless, the actual inferences of this situation are yet to be witnessed.
According to CoinRank, the funds extracted from Polymarket had a link to Coinbase accounts, including WLFI personnel like Steven Charles Witkoff. However, no direct evidence of this association is available at present. On the other hand, the U.S. representative Ritchie Torres (D-N.Y.) has revealed endeavors to propose unique bill to regulate Polymarket and other such platforms against insider trading.
Source: https://blockchainreporter.net/potential-polymarket-insider-event-associated-with-wlfi-co-founders/
