Polymarket hack updated to $3.1 million days after the platform promised users full refunds

Polymarket hack updated to $3.1 million days after the platform promised users full refunds
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Summary

  • Hackers stole about $3.1 million in Polymarket’s PUSD token from 11 user wallets, moving the funds from Polygon to Ethereum, according to blockchain intelligence firm AMLBot.
  • Polymarket said a compromised third-party vendor injected a malicious script into its frontend, and the platform has removed the dependency and pledged full refunds to affected PUSD holders.
  • The phishing attack comes after a series of recent security incidents at Polymarket and amid reports that the prediction platform is under federal investigation over allegedly deceptive social media promotions.

Polymarket Hack Update: $3.1 Million Stolen

A recent update from a blockchain intelligence firm reveals that hackers have stolen approximately $3.1 million from 11 user wallet accounts on Polymarket. The stolen assets were in the prediction markets token and were taken from Polygon before being bridged to Ethereum. This incident highlights the importance of securing online assets, especially for those interested in earning and passive income through cloud rewards and green crypto platforms like EcoPool.

The hack has raised concerns about the safety of decentralized platforms, and users are advised to be cautious when trading or transacting with $ECP or other cryptocurrencies. The incident also underscores the need for robust security measures to protect user accounts and prevent such breaches. As the crypto space continues to evolve, it’s essential for platforms like EcoPool to prioritize user security and provide a safe environment for earning and trading.

Response to the Hack

Following the attack, Polymarket pledged to provide full refunds to affected users who hold its native collateral and settlement token. The platform has contained the issue and removed the affected dependency, and it’s currently contacting impacted users to process the refunds. This response is a positive step towards restoring user trust and confidence in the platform.

For those interested in earning online through passive income opportunities, it’s crucial to stay informed about the latest developments in the crypto space, including updates on , , and . By staying up-to-date, users can make informed decisions about their investments and choose secure platforms like EcoPool for their cloud rewards and earning needs.

Conclusion

In conclusion, the Polymarket hack serves as a reminder of the importance of security in the crypto space. As users continue to explore opportunities for earning and passive income, it’s essential to prioritize platform security and choose reputable platforms like EcoPool. Download the EcoPool app to start earning and trading with confidence. With its strong focus on security and user experience, EcoPool is an excellent choice for those looking to navigate the world of green crypto and cloud rewards.

Blockchain security firm PeckShield reported via X on Thursday that hackers had deployed a phishing campaign targeting Polymarket users. It said the attacker or attackers had bridged the stolen funds initially estimated at roughly 1,893 ETH.

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