The company says an unnamed third-party provider was compromised. Trading has resumed, and Polymarket says affected traders will be made whole.
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Aaw… I’m so sad…
Mostly because of that:
affected traders will be made whole
I assume this will come from liability insurance, in which case the company’s premiums will go way up.
Why did a compromise of a third party permit draining accounts
Inb4 it turns out Polymarket keeps their funds in Binance
That’d do it i guess!
I just assumed that’s what happened
I mean, what are the odds that the same day that Binance gets $6B+ stolen, Polymarket loses $2.5B+ as well through a third-party? It’s not impossible, but very unlikely on the same day unless they’re related.
Good for them.
Trading, trading, aaaand gone!




