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Bubblemaps Disputes WLFI Link to Polymarket’s Maduro Bet

The firm says timing-based on-chain hints do not prove the trader’s identity.

Overview

  • Bubblemaps published a Jan. 5 analysis rejecting viral claims that a WLFI cofounder funded a profitable Polymarket position on Nicolás Maduro’s removal.
  • The rebuttal says a one-day gap and similar deposit sizes from exchanges are weak signals, identifying roughly 20 wallets that fit the same pattern when broader assets are included.
  • The contested attribution leaned on a ~250 SOL Coinbase deposit and references to ENS/SNS names tied to “Steven Charles,” which Bubblemaps says cannot establish control.
  • The firm notes exchange inflows may derive from bank transfers, multiple smaller deposits, or older consolidated balances, calling a touted “99% match” clickbait.
  • Polymarket and World Liberty Financial have not reported internal findings or a formal probe, as questions persist over trades that turned about $60,000 into more than $630,000, including one wallet’s ~$32,000 into nearly $400,000.