Polymarket · Decrypt
Polymarket to Refund Users After Scammers Swipe Millions in Website Exploit
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
One of Polymarket’s third-party vendors suffered a hack Thursday, the prediction market said, leaving its website vulnerable to an exploit that analysts said led to millions of dollars lost for users of the platform.
Key facts
- Ultimately, the hackers stole some $3 million worth of customer funds
- The exploit lost the company roughly $700,000, and was likely caused by a private key compromise
- On-chain sleuths at Bubblemaps concluded that potential damage from the hack was largely contained, with less than 15 user accounts affected
- Polymarket declined comment when reached by Decrypt, and did not say publicly which of its vendors was compromised
Summary
Hackers exploited a compromised third-party vendor to steal about $3 million from a handful of Polymarket users. Polymarket says the issue is fixed and affected users will be fully reimbursed. Polymarket declined comment when reached by Decrypt, and did not say publicly which of its vendors was compromised. Ultimately, the hackers stole some $3 million worth of customer funds.