Bubblemaps: The MYX team may have a direct connection to the $170 million witch attack, suspected insider trading

Sep 11, 2025 23:43:54

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ChainCatcher news, according to blockchain data analysis company Bubblemaps, the MYX team has a direct connection with the wallets that previously received a $170 million airdrop, suspected of insider trading.

Bubblemaps previously discovered that an entity claimed $170 million from the MYX airdrop through 100 newly funded wallets. The latest investigation shows that tracking from the MYX creator wallet 0x8eEB traced back to one of the wallets that received the airdrop, 0x4a31, through cross-chain fund transfers. Bubblemaps stated that the wallet 0x4a31 not only matches the funding patterns of 95 other witch wallets but also sent $2.8 million worth of MYX tokens to a deposit address, which has only been used by another wallet related to the MYX creator, 0xeb5A. Bubblemaps indicated that in response to the allegations, the MYX team previously stated that some users requested to change their addresses, but Bubblemaps believes the new evidence shows the situation is more serious.

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