Polymarket hack updated to $3.1 million days after the platform promised users full refunds
The decentralized prediction platform Polymarket has updated its estimated losses from a recent phishing attack to $3.1 million. The company has pledged to provide full refunds to all affected users after a third-party vendor was compromised.
Why it matters
Security breaches on decentralized platforms highlight the ongoing risks associated with third-party dependencies in the crypto ecosystem.
It said the assets were stolen from Polygon and immediately bridged to Ethereum and that it continues to monitor Polymarket accounts.
The report provides a factual account of the hack and the company's response based on public statements.
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