Bets are flying. High. But some users saw their wallets shrink. Not because they were wrong about the future. They were hacked.
Polymarket broke the news Thursday via X. June 25. The message was blunt: attackers got in. They compromised a third-party vendor first. From there they slipped malicious code into Polymarket’s frontend. The platform caught it. Contained it. Too late for some.
Money moved out. Funds siphoned from affected accounts. How many? Undisclosed. Who? Unknown. Just that the breach happened.
“The platform said it will notify users…”
Good news? Refunds are coming. Full ones. Every cent taken will be replaced. No need to panic if your wallet looks light. They aren’t leaving anyone hanging. Details are still sparse. Silence on specifics.
TechCrunch dug deeper. Found this might be part of something bigger. A wide phishing sweep. Targeting crypto wallets. PeckShield saw $3 million vanish from Polymarket. It went straight to Ethereum addresses. Quick. Quiet. Gone.
Polymarket is booming otherwise. Over $1 billion in annual revenue now. Trading peaked during the 2025 World Cup. Everyone betting. Everyone watching. Money moves fast.
Controversy follows it. Always does. Remember the Trump Jr. backing? That drew eyes. The Wall Street Journal recently reported on influencer deals. Paid ads. Misleading stuff. Boosted by an “army” of bots and sock puppet accounts.
It paints a messy picture. Huge growth. Security slips. Ethical questions.
Should you still trust prediction markets?
The refunds might soothe fears today. The structural risks? Still there. Maybe always.
Users check their dashboards. Wallets linked elsewhere. Passwords rotated. Vigilance pays. Or maybe not.
“Hackers injected malicious script…”
Next time they might be faster. Or cleverer.
The platform keeps trading. Bets keep placing. Life moves on. For now.
👀 Stay alert. Your keys, your problem. Mostly.
