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One of the accounts that won $410,000 on the Polymarket prediction market may have belonged to Steven Charles Witkoff, a special envoy to US President Donald Trump. Crypto researchers Coen+ and Andrew 10 GWE came to this conclusion.
According to them, the insider, who made money on bets on military actions in Venezuela, carefully mixed his tracks to hide his identity. Coinbase and WLFI wallets are present in the transaction chain, and these wallets have not been used previously. One of them received 252.39 SOL on January 1, less than 24 hours before the funds were transferred to Polymarket.
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According to analysts, the original wallet has registered domains STVLU.SOL and StCharles.SOL. It was they who gave the researchers the idea that Witkoff was behind the operations. Detectives also discovered that $170,000 of the winnings were converted into the Fartcoin memcoin. This cryptocurrency has no intrinsic value: it is awarded for obscene jokes.
The Polymarket account 0×31a5, which is attributed to Witkoff, was created on December 27. He invested $32,000 in yes shares on “Maduro out by January 31” at a price of 7 cents. The probability of this event was approximately 7%. Thus, he made a profit of 1300% in less than 24 hours, and this was the user’s only large bet.
Two more unknown users, whose accounts were also created shortly before the overthrow of Maduro, won bets on a US invasion of Venezuela. One earned $75,000, the other $145,600.
