Predict.fun Pledges Full Reimbursement for Affected Users’ Direct Losses

Predict.fun will reimburse affected users for their direct losses after unauthorized transfers totaling about 400,000 Tether (USDT), the prediction market said Tuesday, Oct. 27. The platform said a small number of users were affected. Its preliminary investigation points to a possible compromise of an API documentation site hosted by a third-party provider. Predict.fun took the documentation site offline as a precaution while the investigation continues. It plans to publish a full review of the incident and prevention measures after the investigation is complete. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.