Trove Token Sale Scandal Allegedly Costs Polymarket Investors $73K
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Rule Change Controversy: The Trove team allegedly altered the deposit receipt deadline just five minutes before the token sale's conclusion, triggering a dramatic price drop for shares predicting an on-time finish, resulting in significant investor losses.
- Market Manipulation Concerns: During the price collapse, large buy orders ranging from 100,000 to 300,000 shares appeared, likely originating from the Trove project itself, raising serious questions about potential market manipulation.
- Investor Trust Crisis: One investor reportedly lost approximately $73,000 on an $89,000 investment, highlighting the real financial risks present in prediction markets and potentially leading to long-term trust deficits.
- Increased Regulatory Scrutiny: This incident occurs amid growing regulatory scrutiny of cryptocurrency, likely prompting enhanced oversight of prediction markets and token sales, driving the industry towards higher demands for transparency and investor protection.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
