Security Breach at Polymarket: Millions Stolen from User Accounts

Traders on the prediction platform reported unauthorized withdrawals exceeding $2.5 million, prompting partial trading restrictions.

Hackers breached the prediction market platform Polymarket and withdrew funds from user accounts without authorization, Bulgarian newspaper Dnevnik and Israeli outlet Maariv reported. According to Maariv, the unauthorized withdrawals totaled more than $2.5 million. Dnevnik noted, citing The Wall Street Journal, that at least $2.6 million was stolen.

Following the security breach, trading on the platform was partially restricted. The company stated that it pledges to fully compensate affected users. Further details regarding the nature of the breach and the identity of the attackers have not yet been released.