Bubblemaps Investigators Say Nine Insider Addresses Made $2.4 Million From US-Iran War Bets

According to Bubblemaps founder Nicolas Vaiman and the firm’s investigations head Deebs, the team identified nine blockchain addresses tied to profits from war-related prediction market activity.

Summary

Bubblemaps said its investigators identified nine insider-linked blockchain addresses that allegedly earned a combined $2.4 million from bets tied to the US-Iran war. The claim was disclosed on May 18 by Nicolas Vaiman, founder of Bubblemaps, and Deebs, the company’s head of investigations and a former U.S. military officer who uses a pseudonym for security reasons. Based on the provided text, the announcement points to suspected advance knowledge reflected in blockchain wallet activity, a pattern often examined through onchain analysis (tracking public blockchain transactions) to identify coordinated trading behavior. The excerpt does not provide the addresses, the platform used, or supporting transaction details.

Terms & Concepts
  • Onchain analysis: The examination of public blockchain transaction data to trace wallet activity, fund flows, and possible links between market participants.
  • Blockchain address: A public wallet identifier used to send or receive crypto assets on a blockchain network.
  • Insider trading: Trading based on material non-public information; in crypto markets, investigators often look for wallet patterns that may suggest such behavior.