- Evidence shows WTK Network breach was an inside job, with internal wallets moving over 100 million $WTK tokens.
- Suspicious deposit patterns linked to a secret polygon bridge point to coordinated manipulation within the WTK team.
- Investigators tie BAYC wallet activity to WTK’s internal operations, suggesting insider involvement in the breach.
New evidence has surfaced confirming that the recent breach within the WTK Network was an inside job. While initial reports hinted at an external cyberattack, detailed investigations by one X user now reveal that the network’s own team members may have orchestrated the breach.
Breach Details and Irregularities
The breach happened six days ago when unusual deposit patterns were observed. A sudden increase in deposit frequency, from 0.17 per day to 0.46 per day, was linked to the polygon bridge, suggesting coordinated internal manipulation.
These deposits were tracked to Bitrue, a cryptocurrency exchange where the tokens were used for liquidity, all under the pretense of legitimate network operations.
The breach involved team-controlled wallets, further fueling speculation that this was not a rogue external hacker but rather an orchestrated event by an active member of the WTK team. Wallets labeled WTK team 01, WTK team 03, and WTK team Bitrue deposit 01 played key roles in the suspicious token transfers.
The involvement of these specific wallets, which were previously used for network liquidity operations, points to insider manipulation rather than external exploitation.
Key Evidence Presented by Investigators
The investigation gained momentum when user X, a community analyst, delved into transaction histories and uncovered condemning evidence. He highlighted that the same wallets used for legitimate token burns and liquidity provisioning were now involved in fraudulent transactions via the polygon bridge.
His findings showed that 100 million $WTK tokens were transferred between team wallets and ultimately deposited into Bitrue for liquidity purposes.
One of the most significant pieces of evidence came from tracking the BAYC wallet, which was tied directly to the team’s earlier operations. This wallet had also been used in previous Bitrue deposits, casting serious doubt on the theory of external hacking.
The continuity of wallet usage, coupled with the irregular deposit patterns post-bridge deployment, strongly suggests coordinated manipulation from within the WTK team.
As more evidence comes to light, it becomes increasingly clear that the WTK Network breach was not the result of external hacking but rather an inside job.
The post Secret Polygon Bridge Raises Suspicions, Did WTK Team Exploit Their Own Network? appeared first on Crypto News Land.
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