Polymarket suffers security breach as attacker drains internal wallet
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2 Articles
Polymarket suffers security breach as attacker drains internal wallet
The world’s largest decentralized prediction market platform, Polymarket, suffered a security incident that resulted in the loss of approximately $520,000 to $700,000 in cryptocurrency. In this line, Blockchain investigator ZachXBT first highlighted the suspicious activity on May 22 after noticing large outflows from contracts linked to the platform on the Polygon (POL) blockchain. The incident involved rapid withdrawals, with reports indicating…
Polymarket Says $573K Was Moved After Internal Wallet Key Compromise - NFT Plazas Polymarket Says $573K Was Moved After Internal Wallet Key Compromise
Polymarket stated that approximately $573,200 was moved on Polygon on May 22 after an old private key used for the platform’s internal operational wallet was compromised. ZachXBT was the first to alert about unusual fund flows related to a Polymarket admin address, before the company confirmed the incident did not stem from a contract exploit. Polymarket asserted that user funds remain safe, Polymarket and UMA contracts were not attacked, and th…
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