Polymarket Halts Trading as Users Report $1.4 Million Drained
Polymarket froze new trades as users reported $1.4 million drained. What is confirmed, and who covers the losses? The post Polymarket Halts Trading as Users Report $1.4 Million Drained appeared first on BeInCrypto.
Key Takeaways
- Polymarket froze new trades as users reported $1.4 million drained.
- What is confirmed, and who covers the losses?
- The post Polymarket Halts Trading as Users Report $1.4 Million Drained appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Polymarket Halts Trading Over Exploit That Stole Estimated $2.7M From Users
Prediction market giant Polymarket said Thursday that it had paused trading after discovering a third-party exploit that led to some users losing funds. Trading has resumed, with analysts estimating $2.7 million worth of crypto stolen from users. Polymarket…
Polymarket suspended trading amid reports of user funds being drained
The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.
Polymarket pauses trading after $2.65 million exploit, says third-party provider was compromised
After over $2.5 million was lost within minutes on Polymarket, the platform said it has since placed its exchange in cancel-only mode.