💵 Polymarket Just Got Rogued by Its Own Oracle — $7M on the Line
🟠 Polymarket, the popular crypto betting platform, just proved what many feared: its so-called “decentralized” dispute system can be hijacked — and this time, it verifiably scammed its own users out of millions.
🟠 The market: “Will Ukraine agree to Trump mineral deal before April?”
– Polymarket clarified: No
– Users voted: No
– UMA oracle (after 2 disputes): Voted Yes 🤯
🟠 The twist? UMA's vote is controlled by just two whales, and this time, one went rogue — ignoring Polymarket’s clarification and resolving the market against reality. The result? People who bet on the truth lost, and the scammers won.
🟠 Total volume on the market: $7M
Polymarket admits it was unfair, but says they can’t refund everyone. So… tough luck.
🃏 Trust the system? Not anymore. Betting is fun — until the oracle rewrites the ending and the platform just says “oops.”