Blockchain investigator ZachXBT revealed earlier today that an administrator wallet linked to Polymarket may have been compromised on the Polygon network.
Initial estimates from ZachXBT suggested the attacker stole roughly $520,000. However, later updates from Bubblemaps and Lookonchain indicated that the total amount taken could have exceeded $600,000.
Reports suggest the attacker exploited Polymarket’s UMA FT adapter contract before distributing the stolen funds across 15 separate wallet addresses.
Polymarket executive Shantikiran Chanal later addressed the situation on X, confirming that the company is aware of the reported security incident tied to rewards payouts. He also stated that user funds and market resolution systems remain secure despite the breach.
Chanal added that the team is actively investigating whether any additional internal credentials or secrets may have been exposed. As part of the response, Polymarket has also started rotating its backend services to strengthen security measures.#crypto#cryptpnews https://coinsignals.net https://t.me/coinsignalpublic
