Polymarket Links Trading Suspension to Third-Party Security Incident
By Tareq Sikder
AI summary of the source article
Polymarket temporarily suspended trading following a security breach linked to third-party provider DebugBear. Over $2.5 million was reportedly drained from user accounts, and the company stated it fixed the issue and will compensate affected users.
Key facts
- Polymarket temporarily halted trading and switched to cancel-only mode after third-party provider DebugBear was compromised.
- Blockchain activity indicated a wallet linked to the attacker received over $2.5 million from user accounts across more than 900 transactions.
- Polymarket fixed the issue, reported the incident to law enforcement, and committed to making affected users whole.
Source excerpt · Finance Magnates
Polymarket temporarily halted trading on its international platform after a third-party provider was compromised. The company said it had identified and fixed the issue, referred the incident to law enforcement and would compensate affected users. Trading was expected to resume around 3 p.m. ET on Thursday, according to the company's announcement. London's trading industry is coming home! The susp…