POLYMARKET CONFIRMS THIRD-PARTY AUTHENTICATION VULNERABILITY ATTACK, FUNDS STOLEN FROM SOME USERS

CoinRank · 2025-12-24T10:54:58+00:00

Polymarket confirmed that a recent user account theft resulted from a security flaw in its third-party authentication provider. Affected users had funds drained without phishing links or two-factor authentication. The vulnerability is now fixed, and impacted users will be contacted.

CoinRank

2025-12-24 10:54:58

Abstract generation in progress

According to The Block, decentralized prediction market platform Polymarket confirmed that the recent user account theft incident was due to a security vulnerability in its third-party authentication service provider. Some users who registered through Magic Labs had their funds drained without clicking phishing links or enabling two-factor authentication. The platform stated that the vulnerability has been fixed, there is no ongoing risk, and affected users will be contacted individually. The exact amount of losses and number of affected users have not been disclosed. #Polymarket #CryptoScam

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.