Polymarket Halts Trading as Users Report $1.4 Million Drained

Polymarket halted all new trading on Thursday, 20 minutes after a trader said $800,000 was drained from his account and warned that other users were hit. The company has not said whether it was hacked. Until the freeze lifts, users with open positions can cancel pending orders but cannot buy or sell. The trader said a friend lost another $600,000, bringing reported losses to $1.4 million. Is Polymarket Hacked? At 17:45 UTC, the trader, who posts on X as Car, warned users to lock down their accounts. “If you are a Polymarket user, lock down your account. I just got drained $800,000. Other accounts are also affected. Friend got drained $600k. Please be careful dont interact with the site,” they said .

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