Predict.fun pledges full refunds after $400K drain, days before PREDICT’s launch

Predict.fun has said that it will reimburse every affected user in the recent breach that saw approximately 400,000 USDT pulled from a small group of wallets. The breach was traced to a third-party site that hosts the platform’s developer documentation. The incident is coming just a few days after traders started betting on when the BNB Chain prediction market will finally ship its governance token. What did Predict.fun say went wrong? In a statement posted to X on Tuesday, October 27, the company said, “We are aware of a small number of users who have experienced unauthorized transfers of funds from their wallets, totaling approximately 400,000 USDT.” Its early read of the incident puts the blame on an externally hosted API documentation site, though the post did not spell out…

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