Suspected inside traders betting on Axiom insider trading probe rake in $1 million: Lookonchain

Blockchain analytics firm Lookonchain reported that twelve wallets collectively profited by over $1 million by placing bets just before onchain investigator ZachXBT exposed an alleged insider trading probe at the crypto company Axiom. These wallets invested nearly $400,000 combined and generated returns of roughly $1.42 million. The largest single gain was over $411,000 from a wallet labeled "predictorxyz." ZachXBT's investigation alleged that Axiom lacked sufficient controls, allowing broad internal access to sensitive user wallet data. While Lookonchain labeled the addresses as "suspected insider wallets" due to the timing of their bets, they did not publicly identify the individuals involved, though speculation suggested friends of those interviewed might have traded on prediction markets ahead of the disclosure.

(Source：The Block)