Meta-Scandal: Traders Insider Trade on Polymarket Market About ZachXBT Insider Trading Investigation
- CT Lore
- ZachXBT
In peak CT irony, blockchain sleuth ZachXBT's February 26 investigation exposing Axiom Exchange employee Broox Bauer for insider trading spawned a Polymarket prediction market worth $40M—which itself became an insider trading bonanza. CoinDesk and on-chain investigators revealed that at least 12 wallets placed heavy bets on "Axiom" as ZachXBT's target before the reveal, collectively profiting over $1 million. One wallet turned $0.14-per-share entry into $411,000 profit (7x return). LookOnChain and Polysights flagged the suspicious activity, with @coinbureau tweeting the scandal had "$1M made on Polymarket before ZachXBT insider trade case reveal." The meta-layer absurdity—insider trading on an investigation into insider trading—captured CT's simultaneous genius and dysfunction. As @AndreWGMI noted: "speedrunning trust destruction in crypto." Polymarket faced additional accusations when team affiliate @CarOnPolymarket allegedly profited $12k from early market clarifications.