Predict.fun: PREDICT airdrop criticized after $400K exploit: ‘Nothing but scam projects’

Binance-backed prediction market Predict.fun has been exploited, and nearly $400K has been drained from users' accounts. Addressing the incident, the project attributed it to a third party. Our preliminary investigation suggests that our API documentation site, which is hosted by a third-party provider, may have been compromised, potentially affecting a small number of users over a short period of time. The project said it will fully repay affected users. A post-mortem on the security exploit would follow soon, alongside mitigation to prevent future occurrences. An unverified report from security researcher SomaXBT claimed that the exploit happened in three waves. The first phase happened between October 14 and 15, affecting six victims who collectively lost $16.7K. On October 22, another six victims lost $125K during the second wave.

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