Polymarket Faces $2.68M Theft Allegations Following Security Breach

Polymarket resumed trading on October 29 after a third-party security breach forced its international prediction market to halt new orders. Several users reported unauthorized wallet activity, while the company promised compensation without confirming the total amount lost. Outage started at 18:05 UTC on the basis of the platform’s official history of outages. Until 19:05 UTC, there was a major outage of the Predictions Trading API, also known as CLOB, which was declared resolved. According to Polymarket, there was a compromise in their external provider that was fixed at 18:37 UTC. It is expected that trading will resume at 3 p.m.