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CryptoSlate· Gino Matos·· 22h agoSelected

Polymarket Suffers Second Multi‑Million Dollar Breach in Four Months

Original source: CryptoSlateRead original
AI brief

Polymarket’s trading platform was shut down on Oct. 29 after a malicious third‑party script infiltrated the site’s login session, searching for trading tools and requesting signatures. Blockchain analytics firm Bubblemaps estimated that more than 700 users were affected, with about $3.46 million of assets compromised. Roughly $2.7 million was converted to POL and transferred out, while $750,000 remained on the platform. The October breach followed an earlier June attack in which a compromised vendor’s script used approved authorizations to drain approximately $3 million from users’ wallets via Polymarket’s own relayer. Both incidents demonstrate how external scripts can access a user’s browser context, obtain cryptographic signatures, and move funds, raising questions about the boundary between third‑party code and the platform’s internal signing mechanisms.

Why it matters

These repeated breaches highlight the vulnerability of prediction‑market platforms to third‑party script attacks that can hijack user signatures and transfer assets, underscoring the need for tighter controls over external dependencies and signing authority in the crypto‑finance space.

Source: CryptoSlate · cryptoslate.com