Polymarket pauses, then restores trading after third-party security breach
Prediction market Polymarket paused trading on its international platform on Thursday after a security incident at a third-party provider. Reuters reports a source named the provider as DebugBear, and the Washington Examiner reports about $2.65 million was taken from users' wallets within minutes. Trading resumed Thursday; Polymarket says it will fully reimburse affected traders and has referred the incident to U.K. law enforcement.
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Why it matters
Polymarket users on its international platform could not trade while the problem was fixed, and some users' wallets lost money. Polymarket says affected traders will be fully reimbursed and that it referred the incident to U.K. law enforcement. Reuters reports the provider, DebugBear, urged customers using its RUM product to remove its embedded code from their websites.
Sources
- Reuters (via AOL): Polymarket resumes trading after third-party security breach, to reimburse users
- Washington Examiner: Polymarket halts trading after 'security incident' siphons $2.65 million in minutes
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