UPDATE: Polymarket resumes trading after $2.65 million breach
CIE News ·
Update to Polymarket suspends trading following third-party security breach
Based on reporting by The Block; not yet independently confirmed.
Polymarket has resumed trading activities following a $2.65 million exploit linked to a compromised third-party provider, after placing the exchange in cancel-only mode.
Polymarket has resumed trading activities following a reported $2.65 million security exploit, according to The Block. As previously reported, the platform had halted operations after users observed their accounts being drained due to a breach affecting an external service provider. Polymarket placed its exchange into cancel-only mode immediately after the incident drained over $2.5 million within minutes, the platform stated. Full trading operations have now been restored following the disruption.
Key facts
- $2.65 million lost
- Trading resumed
- Third-party provider breached
- Cancel-only mode lifted
Read the original at The Block