Polymarket, the crypto‑based prediction‑market platform, has confirmed that a security breach resulted in the theft of some user funds. The exchange has referred the incident to authorities in the United Kingdom for further investigation.
The theft occurred during a brief outage that temporarily halted trading on the site. Polymarket said it is working with law‑enforcement agencies to trace the stolen assets and to strengthen its security measures.
The outage happened just days before the platform is expected to see a surge in trading activity amid the U.S. midterm elections, when users typically place large bets on political outcomes.
Polymarket has not disclosed how many users were affected or the total value of the stolen funds. It has stated that the platform remains operational and that it is cooperating fully with the UK authorities handling the case.
<small>Source: CNBC — read the original story there.</small>