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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68 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = Hackers exploited a flaw in the website of the U.S. prediction market platform Polymarket to steal at least $2.6 million (approximately 35...) from user accounts.
Polymarket halts trading after 'security incident' siphons $2.65 million in minutes
Prediction market Polymarket paused all trading on Thursday due to a “security incident” that led to $2.65 million being swiped from users’ wallets within minutes. Polymarket said in a statement the halt in trading affected its international platform and was the result of a third-party provider being “compromised.” “We’ve identified & fixed an issue impacting […]
Polymarket Halts International Trading After Unauthorized Withdrawals
Polymarket halted trading on its international platform after a compromised third-party provider was linked to unauthorized user withdrawals. The company says it fixed the issue, will compensate affected users and referred the incident to law enforcement; trading remains paused while it works to restore the platform. · 26 sources across the spectrum on IJR News.
Polymarket paused international trading after a security issue involvi
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
Bozeman Daily Chronicle
Polymarket paused international trading after a security issue involving a third-party provider
Polymarket temporarily halted trading on its international platform Thursday due to a security incident involving a third-party provider. Trading resumed after about an hour. The prediction market platform paused trading "out of an abundance of caution" after identifying the issue,…
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