TechFlow, on September 18, according to Bubblemaps monitoring, the top five traders of STBL—a new token launched yesterday by Tether co-founder Reeve Collins—show connections among each other and have collectively profited over $10 million.
The investigation reveals that the top five profitable traders of STBL received funding support at exactly the same time—1 year and 187 days ago. Tracing the fund sources shows these addresses were backed by a single funding origin, which obtained funds via Tornado Cash and subsequently used bots to borrow USDC from Venus Protocol, generating total profits exceeding $10 million.
Bubblemaps stated there is currently no evidence linking these traders to the core team, and this bot operation has previously extracted value from other tokens.
