๐จ JUST IN: $3.1 million has been drained from Polymarket in a hacking incident, just days after the platform promised users full refunds for the stolen funds.
The shocking breach comes as a major blow to the decentralized prediction market, which has already faced scrutiny over its security measures. Polymarket's native token, $POL, has plummeted in price, wiping out over 10% of its value in the past 24 hours. The sudden collapse is sending ripples through the crypto market, with $OM, the native token of the Polygon network, also feeling the heat.
Investors are left reeling, wondering if the security protocols in place are sufficient to prevent such incidents. The hacking incident raises fundamental questions about the decentralized nature of prediction markets and the reliance on smart contracts. It also highlights the urgency of implementing robust security measures to safeguard user funds.
As the situation unfolds, users are left wondering what's next. Will the promised refunds b
The shocking breach comes as a major blow to the decentralized prediction market, which has already faced scrutiny over its security measures. Polymarket's native token, $POL, has plummeted in price, wiping out over 10% of its value in the past 24 hours. The sudden collapse is sending ripples through the crypto market, with $OM, the native token of the Polygon network, also feeling the heat.
Investors are left reeling, wondering if the security protocols in place are sufficient to prevent such incidents. The hacking incident raises fundamental questions about the decentralized nature of prediction markets and the reliance on smart contracts. It also highlights the urgency of implementing robust security measures to safeguard user funds.
As the situation unfolds, users are left wondering what's next. Will the promised refunds b