Prediction market Polymarket halts international trading and vows to repay users after a security breach drains $2.65 million in minutes
Polymarket has confirmed that all users affected by the third-party security breach will be reimbursed, with the matter referred to law enforcement.
Polymarket's international platform haemorrhaged $2.65 million within minutes after a security breach at a third-party provider, prompting the prediction market to halt trading immediately. The company has alerted law enforcement and confirmed that the vulnerability has been identified and patched.
Polymarket has pledged to fully reimburse every user affected by the breach.
The attack came as prediction markets are experiencing a boom, with traders such as David Bensoussan, 49, placing more than $1.5 million on midterm races alone.
