Updated
Updated · CoinDesk · Jun 27
Hackers Steal $3.1 Million From 11 Polymarket Wallets as Vendor Breach Injects Phishing Script
Updated
Updated · CoinDesk · Jun 27

Hackers Steal $3.1 Million From 11 Polymarket Wallets as Vendor Breach Injects Phishing Script

3 articles · Updated · CoinDesk · Jun 27

Summary

  • $3.1 million in PUSD was stolen from 11 Polymarket user wallets, with the funds moved from Polygon to Ethereum, according to AMLBot's updated estimate.
  • Polymarket said a compromised third-party vendor injected a malicious script into its frontend for some users; the platform said it removed the dependency, contained the attack and will fully refund affected PUSD holders.
  • PeckShield had initially pegged losses at about 1,893 ETH, while Specter Analyst estimated roughly $2.94 million; one victim said his wallet was drained without knowing why at the time.
  • The phishing incident adds to Polymarket's recent security troubles, including a March smart-contract scare and a December breach tied to a third-party login provider, and comes amid reports of a federal probe over allegedly deceptive social-media promotions.

Insights

Can Polymarket secure its platform before regulators decide it is too risky for users?
Are all DeFi platforms one compromised vendor away from a multi-million dollar disaster?
As crypto hacks become routine, are full refunds the new cost of doing business?