Polymarket says hackers stole users’ funds

Polymarket announced on June 11, 2024, that it will refund users whose funds were stolen due to a third-party breach. The prediction market platform stated that hackers gained unauthorized access to user accounts through a compromised third-party service. Polymarket has not disclosed the exact amount of funds stolen or the number of users affected by the breach. The company is working with cybersecurity experts to investigate the incident and implement enhanced security measures to prevent future occurrences. Polymarket assured its users that it is committed to protecting their assets and maintaining the integrity of its platform. The breach highlights the ongoing cybersecurity risks faced by financial technology companies and the importance of robust third-party vendor risk management.