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Edition 2026-06-28

CRYPTO

Polymarket Reports $3.1 Million Token Theft, Promises Full Refunds

Polymarket reported a phishing attack that resulted in approximately $3.1 million being stolen from 11 user wallets, and the platform pledged full refunds to affected PUSD holders.

By coindesk · 118d ago · Source: coindesk

Full article

Polymarket reported a phishing attack that resulted in approximately $3.1 million being stolen from 11 user wallets, and the platform pledged full refunds to affected PUSD holders. The stolen assets were moved from Polygon to Ethereum via a bridge, according to blockchain intelligence firm AMLBot.

Polymarket, a decentralized prediction market, has experienced several recent security incidents, including a March smart‑contract breach reported by ZachXBT and a December Discord account compromise attributed to an unidentified third‑party login provider. The company is also under a federal investigation following a Wall Street Journal report on alleged deceptive social‑media promotions.

AMLBot updated on X that the theft amounted to roughly $3.1 million in PUSD tokens, which were initially bridged to Ethereum. PeckShield and Specter Analyst indicated that a malicious script injected through a compromised third‑party vendor facilitated the phishing campaign, with estimated losses ranging from $2.94 million to $3.1 million. Polymarket said it has contained the issue, removed the affected dependency, and is contacting impacted users for refunds. The company has not responded to a CoinDesk request for comment.

The incident remains under investigation, and Polymarket has committed to refunding victims in full while addressing ongoing security and regulatory concerns.

Source transparency

Publisher
coindesk
Reliability
high
Published
6/28/2026, 10:00:24 AM
Retrieved
6/28/2026, 10:00:24 AM
Relevance
80%
Confidence
85%
Read original at coindesk

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