CoinDesk
Polymarket suspended trading on its international platform after a third-party provider was compromised and users reported unauthorized withdrawals. The company said it had identified and fixed the issue, referred the incident to law enforcement and would make affected users whole.
Why it matters
The incident highlights how a breach at an outside provider can affect users of a major trading platform. Polymarket attributed the compromise to a third party, while reports described accounts on its international venue being drained without users’ approval.
Market impact
Trading remains halted as Polymarket addresses the incident and works to reimburse affected users. The breach puts confidence in platform security and third-party controls under scrutiny, while the timing of a trading resumption was not stated.
Frequently asked questions
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What led Polymarket to suspend trading?
Polymarket said a third-party provider was compromised, after users reported unauthorized withdrawals from accounts on its international platform.
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Which Polymarket users were affected?
The reports concerned users with balances on Polymarket’s international platform. The seed does not specify how many users were affected.
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Has Polymarket fixed the issue?
Polymarket said it identified and fixed the issue affecting its international platform.
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Will affected Polymarket users be reimbursed?
Polymarket said affected users would be made whole. The company did not provide further reimbursement details in the seed.
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When will Polymarket resume trading?
Trading remains halted, and Polymarket has not stated when it will resume.
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