Polymarket · CoinDesk
Blockchain investigator ZachXBT has highlighted a suspected security breach involving Polymarket
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Over $520,000 was reportedly drained from two smart contracts on the Polygon blockchain, according to on-chain data shared by ZachXBT.
Key facts
- Over $520,000 was reportedly drained from two smart contracts on the Polygon blockchain, according to on-chain data shared by ZachXBT
- Polygon Labs' CTO Mudit Gupta also commented on the incident, stating: “Polymarket contracts are safe
- Blockchain investigator ZachXBT has highlighted a suspected security breach involving Polymarket, the world’s largest decentralized prediction market platform
- Polymarket developers said the company is aware of reports tied to its rewards payout system in a post on X
Summary
Blockchain sleuth ZachXBT flagged a suspected security breach at Polymarket in which more than $520,000 was drained from two smart contracts on the Polygon blockchain. Polymarket developers said the incident stemmed from a private key compromise of an internal operations wallet tied to its rewards payout system, stressing that user funds and market resolutions remain safe. Blockchain investigator ZachXBT has highlighted a suspected security breach involving Polymarket, the world’s largest decentralized prediction market platform. Polymarket developers said the company is aware of reports tied to its rewards payout system in a post on X.