blog trackingweb statistics Polymarket trading halted after vendor compromise; impacted…

Polymarket trading halted after vendor compromise; impacted users will be ‘made whole’

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Predictions markets platform Polymarket was forced to halt trading on its international platform Thursday for nearly an hour because of what it said was a third-party compromise.

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There were also unconfirmed reports from users on Polymarket’s Discord channel who said their wallets had been drained.

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While Polymarket did not confirm that users had lost money, it said “anyone who has been impacted will be made whole.”

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“We’ll make this right and are fully reimbursing all affected traders,” the company said in a subsequent post on X.

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Crypto news website The Block reported some $2.65 million in cryptocurrencies had been siphoned from the platform, citing data from blockchain analysis group Arkham.

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In a statement posted on its X account, Polymarket said it had identified and fixed an issue affecting its international platform, Polymarket.com.

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“One of our 3rd party providers was compromised, and we have referred this to relevant law enforcement,” Polymarket said.

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“Out of an abundance of caution, we have temporarily halted trading & are working to bring the platform back online,” it added.

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Trading began again at 3 p.m. ET after nearly an hour offline.

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Polymarket’s U.S.-based platform did not appear to be affected by the breach.

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Compromising third party…

Original source: https://www.nbcnews.com/business

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