Polymarket confirms hackers stole user funds via third-party breach
Original: Polymarket says hackers stole users’ funds
Why This Matters
Security breach undermines confidence in cryptocurrency prediction markets amid regulatory and trust concerns
Prediction market platform Polymarket disclosed that hackers stole cryptocurrency funds from an unspecified number of users through a compromised third-party vendor. The company said it contained the incident and is refunding affected users in full. Blockchain monitoring firm PeckShield reported approximately $3 million in stolen cryptocurrency.
Polymarket confirmed on Thursday that hackers exploited a third-party vendor compromise to inject malicious code into its website, affecting some users. The prediction market company stated it has contained the incident and is contacting victims to provide full refunds. Polymarket spokesperson Connor Brandi confirmed funds were stolen but declined to provide additional details about the breach scope or specifics. Blockchain monitoring firm PeckShield reported on X that a phishing campaign targeting Polymarket users resulted in approximately $3 million worth of cryptocurrency theft from over 11 victims, according to blockchain analysts. The platform allows users to transact in cryptocurrency. This security incident comes shortly after Polymarket faced scrutiny for paying online creators to post deceptive videos showing fabricated winning bets. The company responded by committing to audit its promotional content. Social media users reported having their Polymarket funds stolen in recent days.