Polymarket Hit By ‘Internal Top-Up’ Wallet Exploit, $700K Drained
User funds remain safe after the incident, the prediction market platform said, with contracts and core infrastructure unaffected.
Cointelegraph·
Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030.
Read full articleUser funds remain safe after the incident, the prediction market platform said, with contracts and core infrastructure unaffected.
The incident highlights the critical need for robust security measures in decentralized platforms to maintain user trust and financial integrity. The post Polymarket says user funds safe after admin wallet compromise triggers $700,000 theft appeared first on Crypto Briefing.
India's crackdown on prediction markets may prompt global regulatory shifts, impacting crypto platforms and international compliance strategies. The post India blocks Polymarket, prepares to target Kalshi next appeared first on Crypto Briefing.
The prediction market has reportedly appointed a representative in Japan as it aims to secure authorization to operate there by 2030.
Here's how much the attacker has siphon off the platform so far.
Polymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations.
Polymarket’s UMA CTF Adapter on Polygon was reportedly exploited for over $520K, with stolen funds partly sent to ChangeNOW, analysts say.
Japan's swift budget reversal highlights economic volatility, signaling potential shifts in fiscal policy and investor sentiment amid inflation. The post Japan’s extra budget expected to reach $19B as government reverses course on spending appeared first on Crypto Briefing.