Polymarket · Funding Round · Bitcoin.com News
Polymarket Pauses Trading Over Exploit That Stole Estimated $2.7 million From Users
Compiled by KHAO Editorial — aggregated from 4 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Prediction market giant Polymarket said Thursday that it had paused trading after discovering a third-party exploit that led to some users losing funds.
Key facts
- Prediction-market operator Kalshi has secured another $1 billion in funding, lifting its valuation to $40 billion, nearly 82% above its…
- Trading resumed at approximately 3:00 pm ET, with Polymarket adding that “They'll make this right and are fully reimbursing all affected traders
- 0xngmi, the pseudonymous developer behind DeFi analytics resource DeFiLlama, wrote on X that they tracked approximately $2.7 million worth of losses attributed to the exploit
- Polymarket previously suffered a security breach in May that resulted in approximately $700,000 in cryptocurrency being stolen after hackers compromised a six-year-old private key used for internal
Summary
Polymarket briefly suspended trading on Thursday after discovering a third-party exploit on the site. Trading resumed after the problem was fixed, with the platform vowing to reimburse affected users. Analysts pointed to approximately $2.7 million in cryptocurrency stolen from traders. On Thursday, Oct. 29 at 2:33 p.m.