Polymarket’s third-party service provider breach has been resolved; trading was suspended for approximately 1 hours

AT A GLANCE

Polymarket said a third-party service provider had been breached, trading was suspended for approximately 1 hours, and more than 700 users were affected.

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Polymarket’s third-party service provider was breached this morning, and trading was suspended for approximately 1 hours

BlockBeats reported that October 30, according to Polymarket’s status page, at Beijing time October 30 early this morning 2: 05, the platform entered cancellation-only mode and suspended relay operations. Approximately 1 hours later, Polymarket said it had identified and fixed the issue affecting its international site, stating that a third-party service provider had been breached. The incident had been referred to law enforcement, and affected users would receive full compensation. Trading subsequently resumed, and the status page marked the incident as resolved.

According to monitoring by Bubblemaps, more than 700 users were affected in the cryptocurrency theft, with approximately 2700000 USD. This was Polymarket’s third security incident this year:May Polymarket’s internal operations wallet was compromised because of a private key from 6 years ago, resulting in losses of approximately 700000 USD；June 25, a third-party supplier was compromised, leading to the injection of malicious scripts into the frontend, and approximately 3000000 USD users’ funds were stolen, with fewer than 15 accounts affected. The platform pledged to provide full reimbursement.

There is currently no evidence that this incident is related to the Binance incident.

Original link https://m.theblockbeats.info/flash/374473

Key points

Beijing time October 30 early this morning 2: 05, Polymarket entered cancellation-only mode and suspended relay operations.
Approximately 1 hours later, Polymarket said it had identified and fixed the issue affecting its international site. Trading subsequently resumed, and the status page marked the incident as resolved.
Polymarket said a third-party service provider had been breached, the incident had been referred to law enforcement, and affected users would receive full compensation.
According to monitoring by Bubblemaps, more than 700 users were affected, with approximately 2700000 USD。
The report noted that this was Polymarket’s third security incident this year.
There is currently no evidence that this incident is related to the Binance incident.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

The platform said the issue resulted from a breach of a third-party service provider, and trading was therefore suspended briefly. The platform said it had fixed the issue and pledged to compensate affected users, but the loss data in the report came from a monitoring organization.

Why it matters to readers

The trading suspension and loss of user funds may affect users’ ability to use the platform and their assessment of its security; whether compensation has been completed still requires confirmation from subsequent information.

This indicates that problems with external services on which the platform relies may also affect trading and the security of user funds.

Risks and unknowns

No evidence has yet been seen that the platform has completed full compensation.
Approximately 2700000 USD The loss figures and number of affected users came from Bubblemaps monitoring and still require further official verification.
The cause of the breach and responsibility remain pending disclosure by law enforcement or other investigations.

Polymarket’s third-party service provider breach has been resolved; trading was suspended for approximately 1 hours

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