Scam Fail: Impersonating insiders to gamble $40,000 on Iran situation, losing everything

GasFeeLady · 2026-01-15T10:40:10+00:00

Recently, a wallet address named "mutualdelta" engaged in a fraudulent activity on the prediction market, betting $40,000 on a US military action against Iran, which all failed. This incident serves as a reminder to exercise caution with unfamiliar "insiders" and high-risk bets in Web3 prediction markets.

GasFeeLady

2026-01-15 10:40:10

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【Crypto World】Recently, Lookonchain detected an interesting fraud case: a certain address created a new wallet called “mutualdelta,” operating under the guise of an insider, and then poured $40,000 into a prediction market to bet on “the United States taking military action against Iran before January 14, 2026.” What was the result? All $40,000 went down the drain. Not only did this guy fail to scam anyone, but he also lost his bet completely. This serves as a warning to everyone — while prediction markets are a new trend in Web3, they are also fraught with high risks and fraudulent schemes. The operation from wallet address (0xaa6…3c59) highlights why we need to be more cautious when dealing with unfamiliar “insiders” and high-odds betting opportunities.

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