Polymarket Resumes Trading, Vows to Reimburse Traders After Third-Party Provider Compromise
By Unchained
AI summary of the source article
Polymarket resumed trading on its international platform on Thursday and pledged to fully reimburse affected traders after a third-party provider was compromised. The platform temporarily halted trading out of caution and has referred the incident to law enforcement.
Why it matters
From what Polymarket and researchers have disclosed, all three incidents since May came through access points around Polymarket’s platform (a company wallet key, a vendor and now a third-party provider) and not through a reported flaw in its trading contracts.
Key facts
- Polymarket resumed trading at around 3 p.m. ET on Thursday after halting due to a compromised third-party provider.
- The platform pledged to fully reimburse all affected traders and referred the matter to law enforcement.
- External estimates cited in news reports placed potential losses between $2.19 million and $2.65 million.
Source excerpt · Unchained
Polymarket has not put a number on Thursday's losses, which outside estimates based on blockchain data put at about $2.2 million to $2.65 million. The post Polymarket Resumes Trading, Vows to Reimburse Traders After Third-Party Provider Compromise appeared first on Unchained .