COINTELEGRAPH · 2026-10-29 19:23 UTC

Polymarket suspended trading amid reports of user funds being drained

Polymarket suspended trading after its Predictions Trading API experienced a major outage; the platform entered 'cancel-only' mode and reported systems operational by 7:05 pm UTC. A third-party provider was compromised, and Polymarket referred the incident to law enforcement, pledging to make impacted users whole. Multiple users reported their Polymarket accounts were drained of thousands of dollars with positions sold without consent.

Loading the story on Tree News…