Polymarket · Cointelegraph
Polymarket paused trading amid posts of user funds being drained
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The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.
Key facts
- Prediction markets company Polymarket reported its Predictions Trading API had experienced a “major outage,” resulting in the platform temporarily halting trading
- The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised
- One of our third party providers was compromised, and we have referred this to relevant law enforcement,” said Polymarket
Summary
Prediction markets company Polymarket reported its Predictions Trading API had experienced a “major outage,” resulting in the platform temporarily halting trading. In a Thursday update to its status page, Polymarket said that the platform was in “cancel-only” mode after it had identified and fixed an issue impacting its operations. “One of our third party providers was compromised, and we have referred this to relevant law enforcement,” said Polymarket. The suspension of trading came as several users claimed online that their Polymarket accounts had been drained of thousands of dollars after their positions were sold without their consent.