- On-chain information hyperlinks the $400,000 win at Polymarket to a pockets that shares Coinbase’s deposit path and timing sample.
- Close to-identical SOL transfers and ENS-linked wallets recommend coordinated fundraising exercise previous to betting.
- The post-payment motion exhibits a fast shift of property from polymarket bounties to Coinbase and meme tokens.
A sequence of on-chain transactions tied to high-paying bets on prediction market Polymarket are beneath intense scrutiny throughout crypto social media after blockchain researchers recognized pockets exercise that seems to hyperlink transactions to accounts related to World Liberty Finance ($WLFI) co-founder Stephen Charles Witkoff.
The wager in query concerned a market predicting whether or not Venezuelan President Nicolas Maduro could be faraway from workplace by January 31, 2026. One account positioned positions value about $32,000 hours earlier than information broke of a large-scale US navy operation in Venezuela, in line with publicly out there information. Because of these developments, this place paid roughly $400,000.
Funding channels linked to centralized trade deposits
The blockchain evaluation Andrew shared confirmed that the Polymarket account’s funding was tracked to 2 wallets with no earlier exercise apart from receiving funds from Coinbase and sending them to Polymarket. Certainly one of these wallets obtained 252.39 SOL from Coinbase on January 1st at 11:53 PM (UTC).
Additional investigation into Coinbase-related inflows recognized a near-matching deposit of 252.91SOL despatched to Coinbase roughly 23 hours in the past from a pockets labeled STVLU.SOL. The near-identical quantities and timing attracted consideration, because the STVLU.SOL pockets is related to a number of Solana Title Service (SNS) and ENS-style identifiers, together with “StCharles.SOL.”
Pockets title and ENS identifier elevate questions
The identical information highlighted a second funding channel involving a pockets related to the title Solhundred.sol. This pockets was found related to a different account labeled StevenCharles.sol. Transaction data present a complete of roughly $11 million in transfers between Solhundred.sol and StevenCharles.sol.
The StevenCharles.sol identifier matches the title of Steven Charles Witkoff, one of many co-founders of World Liberty Finance. The three wallets referenced within the evaluation, STVLU.sol, Solhundred.sol, and StevenCharles.sol, all seem to share duplicate Coinbase deposit addresses based mostly on the transaction information cited.
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Submit-payment actions and token purchases
After the Polymarket place was closed, roughly $440,000 in winnings was withdrawn from the Polymarket account again to Coinbase. Roughly a number of hours later, blockchain data present that roughly $170,000 value of Fartcoin tokens had been withdrawn from Coinbase to the STVLU.sol pockets.
A sequence of occasions, together with SOL’s remittance matching, widespread trade deposit infrastructure, and subsequent asset transfers, have fueled debate about whether or not prior consciousness of geopolitical developments benefited commerce.
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