Crypto: Complete Guide to U.S. arrests Army green beret for $400,000 Polymarket bets on Venezuela raid he was in
The U.S. Department of Justice arrested a master sergeant with the Army on allegations he placed wagers on the raid of Nicolas Maduro ahead of participating in the operation to detain former Venezuelan leader. The DOJ unsealed an indictment Thursday charging Gannon Ken Van Dyke with the unlawful use of confidential government information for personal gain, theft of nonpublic government information and fraud charges, alleging he used his knowledge of the forthcoming raid on Venezuela to place $33,000 in bets, winning about $400,000 after the raid. "The defendant allegedly violated the trust placed in him by the United States Government by using classified information about a sensitive military operation to place bets on the timing and outcome of that very operation, all to turn a profit," U.S. Attorney Jay Clayton said in a statement. "That is clear insider trading and is illegal under federal law." Van Dyke allegedly created a Polymarket account on Dec. 26, 2025 and placed 13 bets through Jan. 2, 2026 on contracts anticipating whether U.S. forces would land in Venezuela, remove Maduro, invade Venezuela and similar contracts. In tandem with the criminal pursuit, the U.S. Commodity Futures Trading Commission is pursuing an insider trading complaint in federal court, the agency said in a Thursday statement. "The defendant was entrusted with confidential information about U.S. operations and yet took action that endangered U.S. national security and put the lives of American service members in harm’s way," said CFTC Chairman Mike Selig. Van Dyke is an active duty soldier with the U.S. Army Special Forces, colloquially known as "green berets," and was based out of Fort Bragg. According to the indictment, he "was involved in the planning and execution" of the military operation to detain Maduro. After the raid, Van Dyke allegedly withdrew the funds, converted the winnings to a bridged version of USDC, sent them to "a foreign cryptocurrency 'vault'" and then began w
Source: CoinDesk