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BREAKING: Polymarket Contract Exploit Drains $600K
A contract linked to prediction market platform Polymarket was reportedly compromised, with attackers draining roughly $600,000 in POL tokens.
• Attackers moved ~5,000 POL every 30 seconds
• Funds were spread across 15 addresses
• The affected contract was tied to Polymarket’s UMA CTF adapter
Polymarket says the breach was caused by a leaked private key used for internal operations and reward distribution.
Important:
• User funds were NOT affected
• Market settlement contracts remain secure
• Core infrastructure is reportedly safe
The incident is another reminder:
In crypto, private key security remains one of the biggest risks in the entire ecosystem
#TradfiTradingChallenge #WarshSwornInAsFedChair $ETH