Polymarket was forced to temporarily restrict trading on Thursday after a security incident reportedly drained millions of dollars from user accounts.<\/p>\n
The platform subsequently said it had identified and fixed the problem, which originated from a compromised external service rather than its core infrastructure.<\/p>\n
The first signs of potential trouble emerged hours ago when multiple users reported unauthorized activity on their Polymarket accounts.<\/p>\n
As the situation developed, the company put its international exchange into cancel-only mode, meaning users could remove existing orders but couldn\u2019t submit new ones or execute new trades. The team also paused Relayer activity while it investigated.<\/p>\n
Blockchain data tracked by Arkham showed<\/a> a wallet believed to be linked to the attacker holding approximately $2.65 million worth of POL, following a series of USDC.e-to-POL swaps conducted through Relay. On-chain investigators confirmed that the amount is around that level, with some putting<\/a> it at $2.7 million.<\/p>\n One affected trader claimed on X to have lost around $800,000, while another report suggested hundreds of transactions may have contributed to the total amount drained. Those individual figures were initially based on user and on-chain reports rather than Polymarket\u2019s own accounting.<\/p>\n Polymarket said one of its external providers had been compromised and that the matter had been referred to law enforcement. It also pledged to fully reimburse affected traders and announced<\/a> that the team had successfully identified the vulnerability and fixed it.<\/p>\n The post Polymarket Trading Disrupted After Users Report $2.6M in Losses<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Polymarket was forced to temporarily restrict trading on Thursday after a security incident reportedly drained millions of dollars from user accounts. The platform subsequently said it had identified and fixed the problem, which originated from a compromised external service rather than its core infrastructure. The first signs of potential trouble emerged hours ago when multiple […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-245494","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245494"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=245494"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245494\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=245494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=245494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=245494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}