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Six-Year-Old Private Key Hidden a Trap—KMS Migration Is the Real Deal; If Users Didn’t Lose Money, Consider It Good Luck and Act in Time to Stop the Loss
Polymarket officials stated that the cause of this security incident was a private key that had been in use for six years being leaked.
The private key was used for internal recharge configuration, causing some funds to flow to related addresses.
The team has now completed private key rotation and revoked all production environment permissions.
The plan moving forward is to migrate all private keys to a Key Management Service (KMS), abandoning traditional storage methods.
The platform and UMA contracts were not attacked, user funds are safe, and platform operations are unaffected.