ZachXBT Unveils Impending Investigation into Crypto Insider Trading Allegations

Crypto markets have been stirred up by the announcement of an impending investigation by prominent on-chain investigator ZachXBT into alleged insider trading at one of the industry's most profitable businesses.

According to ZachXBT, who has a reputation for publishing evidence-backed investigations that have led to significant consequences for crypto firms, the investigation will be published on February 26. In a post on social media platform X, he revealed that multiple employees from the targeted business had allegedly abused internal data to trade in advance of market movements.

The news has sparked widespread speculation across the industry, with prediction market participants eagerly awaiting the outcome. On Polymarket, traders are currently betting on which firm could be implicated, with Meteora holding a 41% share of the odds. Other firms mentioned in the markets include Pump.fun, World Liberty Financial, Axiom, and Wintermute.

Meteora is a decentralized exchange protocol built on Solana that has gained significant traction recently due to its liquidity vault infrastructure and yield optimization products. However, none of the companies named have publicly commented on the speculation.