Polymarket returns $3.9 million to hacked users
Original title: Polymarket pledges to give $3.9 million back to victims after site compromise
Polymarket will refund $3.9 million to affected users after a site compromise, with 95% of wallets refunded in full as of Saturday.
Users of cryptocurrency-based prediction market Polymarket will be compensated after the site was hacked last week. The company said it would give $3.9 million to those impacted by the theft, with $2.7 million used to cover the initial losses and another $1.2 million to cover losses related to the platform’s hours-long shutdown. The New York-based company said it removed the vendor’s compromised script, paused trading, and reset all active login sessions. It redeployed the vendor’s script but added additional integrity controls and continuous monitoring and verification. Polymarket has contacted law enforcement about the incident and is conducting its own investigation.
Unconfirmed: No information on how many people were impacted by the attack and if calculations are correct
- Polymarket identified eligible wallets from on-chain and trading data
- 95% of the affected wallets were refunded in full
- Attacker replaced performance-monitoring script on polymarket.com
- Polymarket confirmed the compromise and vendor involvement
Impact: theft of user funds from site compromise
| Product | Affected |
|---|---|
| Polymarket | — |
- 1.refund affected users
- 2.contact law enforcement
- 3.apply additional integrity controls
- Vendors
- Polymarket
- Victims
- customers
From the original article
2 min read at therecord.mediaIn a post-mortem on an October 29 incident, prediction market Polymarket said it will pay people back what they lost, as well as compensate them for the site's downtime.
therecord.media
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.