Suspected insider trading related to the Maduro event in Venezuela emerges on Polymarket, possibly involving an address linked to WLFI co-founder

PANews, January 5th – According to on-chain analysis by Andrey_10gwei, a suspected insider placed a bet of approximately $32,000 on Polymarket just hours before the Maduro incident, subsequently winning $400,000. On-chain data shows that the account was funded by two wallets that only interacted with a certain exchange. One of these addresses can be traced back to ENS addresses named “STVLU.sol” and “StCharles.sol,” which deposited 252.91 SOL to the exchange at a time highly consistent with when the insider account received funds. In addition, another related wallet had a $11 million transaction with an address named “StevenCharles.sol,” suspected to belong to Steven Charles Witkoff, co-founder of World Liberty Finance.

It is worth noting that this Polymarket account withdrew about $440,000 in winnings to an exchange 18 hours ago. Within the following 14 hours, Fartcoin worth $170,000 was transferred from the exchange to the aforementioned STVLU.sol wallet, sparking speculation about whether insider profits were used to purchase Fartcoin. Although on-chain evidence does not directly convict, the multiple ENS names, fund flows, and highly coincident timing raise suspicions of insider trading activity.