Polymarket Attributes Account Hack to Third-Party Authentication Flaw
Polymarket has confirmed a security breach affecting select user accounts, tracing the vulnerability to a third-party authentication provider. Unauthorized access led to financial losses for several users, though the platform asserts the issue has been resolved with no ongoing risks.
Victims on social media platforms like X and Reddit reported unauthorized login attempts followed by drained balances. Speculation points to Magic Labs as the implicated provider, though Polymarket has not officially named the third party involved.
The prediction market platform acknowledged the incident via Discord, emphasizing its limited scope and swift remediation. No details were disclosed regarding the number of affected accounts or total losses incurred. The breach emerges as Polymarket regains traction despite lingering market skepticism.
