Hacking News
Polymarket Halts Trading After Third-Party Exploit Leads to $2.7M Loss
Prediction market giant Polymarket halted trading on Thursday after discovering a third-party exploit that resulted in some users losing funds. Trading has resumed, with analysts estimating $2.7 million worth of crypto stolen from users. The incident occurred on Polymarket.com, where one of its third-party providers was compromised, leading to user exposure and potential loss of funds. Polymarket confirmed the incident but stated that customer funds, smart contracts, and market resolution systems were unaffected. The company has rotated the compromised key and announced plans to migrate private keys to a more secure system to prevent similar incidents in the future.