Time The stakes are high in online betting marketsSome Polymarket users may have seen their wallets thin – not because of losing fortunes, but because hackers got into their accounts.
The prediction market platform announced the breach on Thursday (June 25). through Xexplaining that hackers gained access to an unknown number of user accounts after compromising another vendor. Hackers injected malicious scripts into Polymarket’s front-end, which was seen and managed by the platform, but not before the hackers extorted money from affected users.
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The platform said it would notify users and refund any lost funds, but has yet to share further details about the incident.
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The attack may be part of a larger phishing attempt targeting cryptocurrency wallets, it was reported TechCrunchafter blockchain monitoring company PeckShield discovered $3 million in cryptocurrency leaving Polymarket accounts and being transferred to Ethereum.
Polymarket has just announced its availability over $1 billion in annual revenueas business reaches all-time highs FIFA World Cup 2026.
But the platform supported by Donald Trump Jr. is also mired in controversy, including recently The Wall Street Journal report that found Polymarket was influencers who are paid to post misleading ads which were fueled by an “army” of social media accounts.
