Home / Business and Economy / Gambling Whiz 'swisstony' Reappears Under New Name
Gambling Whiz 'swisstony' Reappears Under New Name
29 Oct
Summary
- A mysterious account, 'swisstony', made $12mn profit on Polymarket.
- The account's successor, 'Flaznorp', began operating in late August.
- Both accounts demonstrate similar trading volumes and patterns.
A previously unknown Polymarket account, 'swisstony', generated an impressive $12 million in profit over a six-month period, despite ceasing activity in August. This account was notable for its ability to maintain a slightly positive average return at a substantial scale, chaining over 184,000 positions with a collective value of $657 million. Journalists have observed a potential successor account, "Flaznorp," which began active trading shortly after 'swisstony's' final bet on August 26th.
Analysis of blockchain transactions indicates that 'swisstony' transferred $1 million to an Ethereum wallet, from which $50,000 was then sent to the new "Flaznorp" account. "Flaznorp" subsequently received $3.3 million from the 'swisstony'-linked wallet and has since replicated the high-volume trading patterns observed with its predecessor. While the continuity of the management team is unconfirmed, the similar operational volumes and monthly aggregate returns suggest a strong connection between the two accounts.
