Talas-ganan tun-nada (hack) wey happen for Polymarket don turn wella: loss rate don reach $3.1 million, na so CFTC dey look am for refund matters
Polymarket hack don worsen. Blockchain intelligence firm AMLBot don update e estimate say money we dem steal don go wit am to around $3.1 million, after attackers drain PUSD for 11 wallets.
Polymarket tok say third-party vendor we una don compromise inject malicious code for inside some part of their frontend. D problem no be say dem change core protocol; na through website phishing way dem take target users. Dem remove dependency, reach out to users we get affected, and promise say dem go refund PUSD holders.
Investigators talk say money pass from Polygon go Ethereum: dem take the fund for Polygon, bridge am to Ethereum, convert am to USDC.e for Relay, swap am to ETH, then consolidate am for Ethereum addresses. Earlier estimate near $2.94 million, so AMLBot update make loss figure bigger. Specter Analyst and PeckShield still warn about risk of frontend prompt manipulation—wallet prompt fit change even though website still look legit.
For another side, refund promise dey unfold alongside bigger regulatory pressure; US lawmakers don urge CFTC make dem review allegations of misleading advertising wey connect to prediction markets.
For traders, dis Polymarket hack mean say security and counterparty risk for prediction/DeFi platforms go increase for short term, while regulation scrutiny fit make volatility continue even beyond the time when incident happen.
Neutral
Wetin di news mostly be for e about na steal of stablecoin (PUSD) and one frontend phishing incident. Even though hack wey happen for Polymarket don increase reputational and platform-security risk, e no directly tie to any change for the way PUSD dey issue underlying or core protocol. If refunds dey believable, market impact on PUSD go likely be limited, so overall price pressure go still remain in check.
But for short term, traders fit price in higher risk for prediction/DeFi venues (plus any related liquidity), which fit cause small dislocation and increase volatility around PUSD-related positioning. For long run, phishing worries wey no stop and regulatory scrutiny (CFTC review of alleged misleading advertising) fit extend uncertainty, but because there no direct tokenomics shock to PUSD, sustained bearish move no dey so likely.