Decrypt· Jose Antonio Lanz·· 2d agoSelected
Polymarket halts trading after security incident, users report unauthorized withdrawals
Original source: DecryptRead original
AI brief
Polymarket paused trading and relayer actions after users reported unauthorized fund withdrawals. A wallet flagged as the suspected attacker holds about $2.65 million in POL after multiple USDC.e-to-POL swaps through Relay. Hudson Rock found a DebugBear-hosted script with wallet-draining code hard-coded to the same address. The platform's frontend may be compromised, with the trading API in major outage and the exchange in cancel-only mode.
Why it matters
The incident highlights ongoing security vulnerabilities in prediction markets, affecting user funds and platform reliability at a time when platform integrity is critical for traders.
Source: Decrypt · decrypt.co