Polymarket Refutes Claims of Data Breach Amid Hacker Allegations
- A hacker using the alias “xorcat” claimed to have stolen over 300,000 records from Polymarket, including 10,000 unique user profiles.
- Polymarket dismissed the claims as “complete and utter nonsense,” stating that the data is publicly accessible via their APIs.
- The platform has a live bug bounty program, which started on April 16 and has received 446 reports.
- Cybersecurity experts expressed skepticism about the validity of the hacker’s claims, suggesting it may be a misrepresentation of publicly available data.
- In Q1, Web3 projects reportedly lost $482 million to hacks and scams across 44 incidents.
Polymarket’s response highlights the importance of transparency in data management within the cryptocurrency sector, especially following a surge in hacks this year. The incident underscores ongoing concerns about security practices in decentralized platforms.
With claims of over 300,000 records stolen, Polymarket maintains that no actual breach occurred and all data is accessible through public channels. (Source)
