Polymarket Halts Trading After $2.65 Million Siphoned

Polymarket paused trading Thursday after a security incident drained funds from user wallets within minutes. The company says a third-party provider was compromised, and the incident is tied to DebugBear, an analytics vendor the platform uses. Reported losses range from over $2 million to $2.65 million, depending on the outlet. The Washington Examiner reports that only Polymarket's international site was affected, and U.S. users were not. BNO News reports trading resumed at 3 p.m. ET, and the company says affected users will be made whole. The matter has been referred to law enforcement. Polymarket's statement says: "We'll make this right and are fully reimbursing all affected traders." Who was behind the attack has not been identified, and the exact number of users hit is still unsettled.

“We’ll make this right and are fully reimbursing all affected traders,”Polymarket, via Washington Examiner