Polymarket resumes trading after third-party security breach, to reimburse users
The company said it will reimburse affected traders after a compromised vendor let malicious code drain wallets and forced a temporary trading halt.
- On Thursday, Polymarket halted trading on its international platform for nearly an hour after malicious code served through its website caused users to report losing more than $2 million.
- DebugBear, a UK-based analytics company, confirmed it is aware of the 'ongoing security incident' after its code was exploited to gather trading credentials from user local storage.
- Blockchain analysis group Arkham reported some $2.65 million in cryptocurrencies were siphoned from the platform before trading resumed at 3 p.m. ET.
- Polymarket pledged to 'make whole' any impacted users and has referred the matter to relevant law enforcement, the company said.
- Head of global intelligence and investigations Shana Bautista noted the company is investigating 'dozens' of issues related to the U.S. midterms as prediction markets face continued insider-trading threats.
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111 Articles
Polymarket trading paused over a security issue involving this third-party UK provider
Polymarket temporarily halted trading on its international platform Thursday because of a security incident that compromised a third-party provider, the company said.Trading was paused for about an hour and resumed Thursday afternoon. The company has promised to fully reimburse any affected traders.The prediction market platform said it halted trading “out of an abundance of caution” after identifying and fixing the issue affecting its internati…
Polymarket briefly pauses international trading after users reportedly lose $2.65 million in crypto
Polymarket temporarily halted international trading after a breach involving third-party software reportedly led to $2.65 million in cryptocurrency theft from users' wallets.
The Polymarket prediction platform, which indicates Calin Georgescu as the favorite in the presidential race in Romania, was targeted for a computer attack. One account lost at least $2.7 million, and the money was transferred to 710 digital wallets. The Polymarket, the platform that gave Calin Georgescu the favorite at the presidential, was attacked by hackers. An account would have withdrawn $2.7 million first appeared on Romania TV.
Hackers Drain Millions From Polymarket Accounts
Polymarket users just took another hit, with at least $2.6 million siphoned from accounts on Thursday in what the company says was a targeted hack linked to a third-party provider. Trading on its international exchange was briefly stopped after the attack, which affected more than 700 users walls, matching...
At least $2.6 million disappeared from user accounts on Polymarket last night after hackers exploited a technical flaw on the platform's website.
Hackers have siphoned off at least $2.6 million from users of the forecasting platform Polymarket, The Wall Street Journal reports. The funds were transferred to a crypto wallet linked to the attackers in more than 900 transactions. The attack took place on October 29. According to an analysis of blockchain data cited by the American newspaper, the wallet received more than $2.5 million from user accounts. Arkham data shows that it held assets w…
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