Polymarket Breach Leads to $2.7 Million Loss; Trading Temporarily Suspended

Polymarket Breach Leads to $2.7 Million Loss; Trading Temporarily Suspended

Key Moments: Hackers extracted around $2.7 million from Polymarket user accounts on Thursday (Oct. 29) by exploiting compromised third-party software. Trading on Polymarket was halted for about one hour as the breach was investigated, with the operator pledging to reimburse affected users. Roughly 700 users were reportedly affected, with losses tracked in Polygon’s POL cryptocurrency by blockchain analytics firms. Exchange Compromised by Third-Party Software Breach A major security breach struck Polymarket on Thursday (Oct. 29), as attackers siphoned an estimated $2.7 million from hundreds of accounts. The unauthorized withdrawals stemmed…

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