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Polymarket resumes trading after third-party security breach, to reimburse users
Polymarket said it will reimburse affected traders after malicious code drained wallets and forced a brief trading halt on its international platform.
- 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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24 Articles
24 Articles
Polymarket resumes trading after third-party security breach, to reimburse users
Polymarket said on Thursday it had restored trading after a temporary halt prompted by a security incident involving a third-party provider, and that it would fully reimburse affected traders.
·London, United Kingdom
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Polymarket 'Fully Reimbursing' Users After Halting International ...
·Jersey City, United States
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Polymarket trading halted after vendor compromise; impacted users will be ‘made whole’
Predictions markets platform Polymarket was forced to halt trading on its international platform Thursday for nearly an hour because of what it said was a third-party compromise.
·New York, United States
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Total News Sources24
Leaning Left3Leaning Right0Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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