{"id":9625,"date":"2026-10-29T21:53:32","date_gmt":"2026-10-29T21:53:32","guid":{"rendered":"https:\/\/silvybrand.com\/?p=9625"},"modified":"2026-10-29T21:53:32","modified_gmt":"2026-10-29T21:53:32","slug":"polymarket-flagship-platform-hack-traders-lose-money","status":"publish","type":"post","link":"https:\/\/silvybrand.com\/?p=9625","title":{"rendered":"Polymarket Halted International Trading After Hackers Drained Accounts"},"content":{"rendered":"


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Trading has <\/span>resumed<\/a> on Polymarket\u2019s flagship international platform after a hack that drained money from the wallets of some traders.<\/p>\n

A third-party vendor based in the United Kingdom was breached, not the prediction market<\/a>\u2019s website itself. Law enforcement in the UK have been notified of the incident, the company said. Trading was initially paused<\/a> while the company investigated for several hours.<\/p>\n

On X, prominent traders complained that they had lost money; Blockchain analytics firm Bubblemaps reported<\/a> that around 700 users appear affected, with approximately $2.7 million stolen. Polymarket declined to comment when WIRED asked how many traders were impacted by the breach and how much money was lost, but said it will refund impacted traders.<\/p>\n

The hack did not impact users on Polymarket US, the company\u2019s newer platform for people within the United States. Polymarket runs two separate prediction markets<\/a>; Polymarket US operates as a federally regulated financial exchange within the country, while the flagship Polymarket is a cryptocurrency-based platform that is banned in the United States and a number of other countries.<\/p>\n

This is not the first time that Polymarket traders have experienced security woes. In June 2026, Polymarket experienced another breach<\/a>, which resulted in over $2 million in losses for impacted traders.<\/p>\n

The company has been a lightning rod for controversy since its 2020 launch. In the past few years, it has been the center of several high-profile alleged insider trading incidents resulting in arrests. One case involved a special forces soldier<\/a> accused of wagering on the capture of Venezuela\u2019s former leader; another involved a Google employee<\/a> who allegedly used confidential information to make millions<\/a>. In both cases, the suspects have pleaded not guilty.<\/p>\n

Polymarket recently raised<\/a> $1 billion in August 2026, with a fundraising round led by 1789 Capital, the venture capital firm where Donald Trump Jr. is a partner. It is now valued at $21 billion.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Trading has resumed on Polymarket\u2019s flagship international platform after a hack that drained money from the wallets of some traders. A third-party vendor based in the United Kingdom was breached, not the prediction market\u2019s website itself. Law enforcement in the UK have been notified of the incident, the company said. Trading was initially paused while […]<\/p>\n","protected":false},"author":1,"featured_media":9626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1583,428,414,415],"class_list":["post-9625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gadgets","tag-data-breach","tag-hacks","tag-polymarket","tag-prediction-markets"],"yoast_head":"\nPolymarket Halted International Trading After Hackers Drained Accounts - Silvybrand Lifestyle Blog<\/title>\n<meta name=\"description\" content=\"The company says an unnamed third-party provider was compromised. 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