Polymarket suffers live POL drain as team rules out feared contract exploit
CryptoSlate
Polymarket experienced a significant POL drain, which the team attributed to a private-key compromise rather than a smart-contract exploit.Summary
Polymarket faced a security incident involving a rapid drainage of POL tokens, sparking initial fears of a smart-contract exploit from analysts like ZachXBT and Bubblemaps. However, the Polymarket team clarified that the incident resulted from a compromised private key used for internal top-up operations, confirming that user funds and core market-resolution infrastructure remained secure. While the team has initiated key rotation and investigation, questions regarding the final total loss and specific operational security failures remain under review.
(Source：CryptoSlate)