Polymarket restricts trading as users report drained wallets

Polymarket has restricted trading to cancel-only mode and paused relayer actions while investigating an incident on Oct. 29, as users have reported unauthorized withdrawals and one social media account has alleged losses of $2.68 million. Polymarket has restricted trading and paused relayer actions while investigating an incident. A trader named Car reported losing $800,000 and said all his positions were sold. StarPlatinum alleged $2.68 million in losses, without official confirmation of the amount or cause. The company’s status updates have described an investigation without confirming a frontend compromise.

Also reported by BeInCrypto.

Source: crypto.news