Polymarket says user funds and market resolution are not affected after a suspected wallet exploit linked to its “top-up” operations. According to multiple reports, the incident appears to stem from a suspected compromise of a private key used in a wallet involved in topping up funds. CoinTelegraph and Decrypt both report that the amount lost is in the range of roughly $600,000 to $700,000 as the reported losses continue to climb. Both outlets state that Polymarket’s core infrastructure and trading-related contracts are unaffected, and that users’ funds remain safe. Decrypt adds that Polymarket characterizes the activity as an “internal top-up” wallet exploit, while CoinTelegraph emphasizes that the issue is tied to top-up operations and that the platform expects market resolution to proceed normally. The platform has not indicated that it halted or altered contract execution for existing markets as a result of the event, and both reports characterize the situation as limited to the impacted wallet used for top-ups rather than broader platform funds.
Polymarket says user funds safe after internal wallet exploit drains about $600K–$700K
Polymarket says user funds and market resolution are not affected after a suspected wallet exploit linked to its “top-up” operations. According to multiple reports, the incident appears to stem from a...
- Polymarket reports a suspected wallet exploit tied to internal “top-up” operations.
- Reports say a compromised private key is involved in the incident.
- Loss estimates reported across outlets are about $600,000 to $700,000.
- Polymarket states user funds are safe and core infrastructure/contracts are unaffected.
- The platform says market resolution is not impacted by the event.
User funds remain safe after the incident, the prediction market platform said, with contracts and core infrastructure unaffected.
3 months agoPolymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations.
3 months ago
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