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ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe

CoinDesk
Blockchain investigator ZachXBT reported a $520,000 exploit on Polymarket, though developers confirmed user funds and core smart contracts remain secure.

Summary

On-chain investigator ZachXBT identified a security incident involving Polymarket that resulted in the loss of over $520,000 from two smart contracts on the Polygon blockchain. Despite initial concerns of a platform-wide breach, Polymarket developers and Polygon Labs CTO Mudit Gupta clarified that the issue was limited to a compromised internal operations wallet used for market initialization. The team explicitly stated that user funds and core platform contracts were not affected by the exploit.

(Source:CoinDesk)