$520,000 Exploit Reported on Polymarket’s Smart Contracts
- Over $520,000 was drained from two smart contracts on the Polygon blockchain.
- The affected addresses include
0x871D7c0f9E19001fC01E04e6cdFa7fA20f929082and0x91430CaD2d3975766499717fA0D66A78D814E5c5. - Funds were allegedly transferred to attacker address
0x8F98075db5d6C620e8D420A8c516E2F2059d9B91. - Polymarket developers confirmed that user funds and market resolutions are safe.
- The incident is attributed to a private key compromise of an internal operations wallet.
This event highlights ongoing security concerns in decentralized finance platforms, with investigations by ZachXBT drawing attention to vulnerabilities in smart contracts. The Polymarket team has reassured users that their funds remain secure despite the breach.
In total, over $520,000 was compromised due to the incident, but Polymarket asserts that user funds are safe and unaffected by a broader exploit.(Source)
