Polymarket Restores Trading After $2.65M Drain, Promises…
By Abdelaziz Fathi
AI summary of the source article
Polymarket has restored trading after a security incident involving a compromised third-party provider exposed users to unauthorized fund transfers. A suspected attacker wallet held approximately $2.65 million in POL, and the platform pledged to reimburse affected traders in full.
Why it matters
"Repeated incidents involving external infrastructure can undermine confidence even when core contracts remain uncompromised."
Key facts
- Polymarket paused relayer actions and moved to cancel-only mode on October 29 before fixing the issue and resuming trading.
- Blockchain tracking identified a suspected attacker wallet holding roughly $2.65 million in POL after swaps involving USDC.e through Relay.
- The incident was attributed to compromised third-party provider DebugBear, and the matter has been referred to UK law enforcement.
Source excerpt · FinanceFeeds
Polymarket has restored trading after a security incident involving a compromised third-party provider exposed users to unauthorized fund transfers, with blockchain tracking identifying a suspected attacker wallet holding approximately $2.65 million in POL.The prediction market operator initially restricted its exchange to cancel-only mode, allowing users to cancel existing orders but preventing n…