- Trader “Derivatives Monke” ranted about crypto losers, only to be exposed by ZachXBT as allegedly stealing $30M from Jed Casino investors.
- The trader called crypto a “graveyard of broken dreams” and mocked those who lost money for lacking real skills and being delusional.
- ZachXBT claims the ranting trader gambled away the stolen $30M on highly leveraged crypto trades and high-risk speculation.
A renowned on-chain investigator exposed a crypto trader who allegedly gambled $30 million from Jed Casino investors. It all started when the anonymous trader called “Derivatives Monke” went on a long rant complaining about his friend who asked to bail him out after losing $10 million.
Referring to the crypto industry as the “graveyard of broken dreams,” he argued that 99% of guys who invest are “unemployable with no real skills.” According to him, the easy mode in crypto has long gone, and the market will only get more ruthless and harder with every passing cycle.
“If you’re not a 200 IQ Chinese quant coding algorithms in your sleep, forget about even trying to be profitable in this market. It is a slaughterhouse now.“
Continuing his brutal rant, he even mocked those who lost fortunes, saying they “feel extremely entitled to make large sums of money” and are a “walking caricature of greed and delusion.” “This isn’t a game for dreamers anymore; it’s a rigged casino with no jackpots left.”
He even went on to say that their family and friends will resent them for the rest of their life now that the cash has dried up. But then came the plot twist no one expected.
How $30M Crypto funds Was Gambled and Laundered
ZachXBT dropped a bombshell when he revealed that the trader ranting about crypto’s crash was in fact the person who allegedly stole $30 million from Jed Casino investors. Mincing no words, the on-chain investigator, known for his relentless exposés, stated that the trader gambled the funds on hyper-leveraged trades and high-risk speculation via HyperLiquid.
The funds were then reportedly laundered through instant exchanges and crypto-to-cash OTCs over the past few months. Following the stunning revelations, Jason Choi of Tangent remarked, “What an insane plot twist, jfc!”
ZachXBT further shared screenshots revealing how several HyperLiquid accounts were blown away since December, all tied back to the stolen funds. The crypto community, who initially sympathized with the trader’s outburst, quickly turned. As of now, “Derivatives Monke” has not responded to ZachXBT’s explosive claims.