Polymarket updates hack loss to $3.1M, pledges full refunds to affected users

Blockchain intelligence firm AMLBot has confirmed the Polymarket supply-chain attack total at approximately $3.1 million in PUSD across 11 user wallets, with funds bridged from Polygon to Ethereum and converted to ETH. Polymarket has pledged full refunds but has not named the compromised vendor.

OpenAI's entry into advertising could disrupt global ad spending, impacting AI sector investments and prompting regulatory scrutiny of tokenized equities. The post OpenAI declares it’s ‘clearly in the advertising business now’ as AI reshapes marketing appeared first on Crypto Briefing.

STRC’s collapse below par has sparked intense debate as Strategy’s variable-rate preferred stock struggles beneath the $75 mark. Yet Polymarket bettors still see a path back, wagering that the stock will eventually reclaim its intended price, though not anytime soon. Few Companies Spark More Debate Right Now Than Strategy Few topics have captivated the crypto […]

Senators John Curtis and Adam Schiff are concerned about the CFTC’s enforcement ability after a “troubling” report on Polymarket’s advertising.

Polymarket confirmed hackers drained approximately $3 million through a compromised third-party vendor that injected malicious code into the platform's website, and pledged full refunds to fewer than 15 affected accounts.

Meta's Arena app could re-engage younger users, leveraging prediction markets' growing cultural relevance while navigating regulatory challenges. The post Meta explores partnerships with Polymarket and Kalshi for prediction betting app Arena appeared first on Crypto Briefing.

The bipartisan scrutiny of Polymarket may lead to stricter regulations on prediction markets, impacting their operation and legal framework. The post CFTC probes Polymarket over prediction market activities appeared first on Crypto Briefing.

Mark Zuckerberg has pushed Meta's leadership to explore partnerships with Polymarket and Kalshi, per a new New York Times report, days after a separate report revealed Meta is building its own prediction-market app called Arena.