Also on Thursday, Specter Analyst, another blockchain intelligence platform, said Thursday: “It appears there may be a phishing attack targeting Polymarket users, with losses estimated so far at $2.94 million.”
One of the hack victims, Ash, on X wrote that his wallet was hacked and he didn’t know why at the time. Ash also shared his and the attacker’s wallet address.
Polymarket has recently suffered other security breaches. In March, blockchain investigator ZachXBT highlighted an alleged security breach. He said more than $520,000 was allegedly withdrawn from two smart contracts on the Polygon blockchain. Polymarket later said the funds were safe.
In December, the platform confirmed a security incident on its Discord channel after users reported missing funds and suspicious login attempts. It placed responsibility for these account violations on an unidentified third-party login provider.
News of the phishing attack follows reports that Polymarket is under federal investigation following a Wall Street Journal article about deceptive social media promotion by users touting their gains on the market prediction platform.
