Insider trading scandal? 6 wallets made $1.2 million betting on Iran Strike

The attacks had an immediate impact on crypto prices, with many assets plummeting before a modest recovery.

Recall that Israel and the US carried out organized attacks against Iran on Saturday, and Bubblemaps outlined that a group of wallets had bet a total of $1.2 million on these developments hours before they happened.

JUST IN: 🇮🇷 🇺🇸 Six suspected insiders made $1.2 million betting on a US attack on Iran

Most of these wallets:

• were funded in the last 24 hours
• specific betting on February 28th
• bought “yes” hours before the strike pic.twitter.com/n3G6OIEOXt

— Bubblemaps (@bubblemaps) February 28, 2026

Given the precision of their actions – funding the portfolios in the last 24 hours before the events unfolded, specifically choosing February 28 and betting ‘yes’ shortly before the strikes – the likely conclusion is that they had prior knowledge of what was taking place in the Middle East on Saturday morning.

Recall that initially reports emerged that Israel had initiated attacks against Iran and then declared a state of emergency within its borders, awaiting retaliation. US President Donald Trump subsequently confirmed that his country was also involved.

The POTUS doubled down in the following hours, categorize described the attacks as a ‘major combat operation’. It is worth noting that Iran indeed revenge taken by counter-attacking several US allies such as Kuwait, the UAE, Qatar and Bahrain.

The morning’s initial attacks had caused immediate damage to the cryptocurrency markets. Bitcoin fell from $66,000 to $63,000 in a matter of minutes, while most altcoins followed suit, dropping 2-4% in less than an hour.

You might also like:

Nevertheless, BTC has since recovered some ground and is currently trading around $65,000. ETH has fallen to $1,900, while BNB and XRP continue their battle for fourth place in terms of market capitalization.