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Home/News/Polymarket phishing hack losses updated to $3.1 million, platform promises refunds
CoinDesk·4h ago·negative

Polymarket phishing hack losses updated to $3.1 million, platform promises refunds

Hackers stole $3.1 million in PUSD tokens from 11 Polymarket users via a compromised third-party vendor script. The platform has pledged full refunds, while also facing a federal investigation over allegedly deceptive marketing.

  • A compromised third-party vendor injected a malicious script into Polymarket's frontend, stealing $3.1 million from 11 user wallets.
  • Stolen PUSD tokens were moved from Polygon to Ethereum; Polymarket has removed the dependency and pledged full refunds.
  • The incident follows a March breach of $520,000 and a December Discord security incident at the prediction market platform.
  • Polymarket is also under federal investigation over allegedly deceptive social media promotions of user winnings.
securityscamsImpact 6/10
Why our editor rated this negative

A phishing attack that stole $3.1 million from users, combined with a federal investigation, is clearly negative for the crypto industry's reputation for security and trustworthiness.

Read the full story at CoinDesk

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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