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Some Polymarket user funds stolen, matter referred to UK authorities
CNBC • • business
Key Points:
- Polymarket's international exchange experienced a hack through an unnamed third-party provider, resulting in stolen funds from some users' accounts, while its U.S. platform remained secure.
- The company halted trading on its international platform after unauthorized withdrawals were reported and resumed trading after resolving the issue by 3:00 p.m. ET.
- The breach is linked to a security incident involving DebugBear, a U.K.-based website performance monitoring service, prompting Polymarket to involve U.K. law enforcement.
- Analytics firms revealed that one Polymarket account withdrew over $2.7 million across 710 wallets during the incident, highlighting the scale of the theft.
- This disruption occurs shortly before increased trading volumes expected around the U.S. midterm elections on November 3, following a similar third-party compromise incident in June.
