The predictive market platform that allows users to bet on real-world events has blamed the breach on a compromised third-party provider
Hackers have swiped at least $2.6 million in user funds from predictive market platform Polymarket that allows people to wager on real-world events, including elections and military action. The company was forced to briefly pause trading on its international exchange, promising to reimburse all affected users.
In an X post on Thursday, a Polymarket-related account said that the company had “identified & fixed an issue impacting our international platform.”
“We have temporarily halted trading,” the statement read, adding that the breach occurred after “one of our 3rd party providers was compromised.”
The hack only affected Polymarket’s flagship platform, although Polymarket US, which operates independently as a federally regulated financial exchange, was spared.
Several media outlets, including the Wall Street Journal, reported that the third-party provider that Polymarket referred to was DebugBear – a UK-based performance-monitoring platform.
DebugBear wrote on X on Thursday afternoon that it was “aware of a security incident,” advising clients using its RUM product to “remove the embed code from your website.”
According to Business Today, citing blockchain analytics firm Bubblemaps, as many as 700 Polymarket accounts were affected, with users reporting unauthorized withdrawals and sudden balance liquidations.
The breach coincided with a major cyberattack at Binance, the world’s largest cryptocurrency exchange, that saw intruders steal an estimated $6.3 billion.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
