Finance
What to know:
- Prediction market Polymarket experienced a series of account breaches, with several users reporting missing funds and suspicious login attempts. 🕵️♂️💸
- The platform attributed the incident to an unidentified third-party login provider. A mystery as deep as the Kremlin’s secrets! 🤫
- Several users speculated the provider was Magic Labs, a popular tool for email-based logins and wallet creation. Ah, the charm of “convenience”! 🧠
- Polymarket acknowledged the issue, but did not disclose the number of affected users or the amount of money stolen, highlighting the risks of relying on third-party tools in crypto platforms. A lesson in “trust but verify” – if you can trust the third party. 🤷♂️
Prediction market Polymarket blamed an unidentified third-party login provider for recent account breaches reported by several users. A tale as old as time – and just as reliable. 🕰️
The platform confirmed the security incident on its Discord channel after users reported missing funds and suspicious login attempts. Discord: where chaos meets community. 🧨
Social media posts on Reddit and X show several users received unexpected login alerts and then discovered their balances had been wiped. A digital exorcism, perhaps? 😱
One user said their account dropped to just one cent despite not having their devices compromised and no other affected services. A miracle? Or a glitch? 🤔
Another user on X said they lost around $2,000, despite having two-factor authentication on. Two-factor? More like “two-factor confusion.” 🤯
A third user said their “top 1000” Polymarket account was drained, while a fourth said a testing account was drained. Testing? What’s next, a test of trust? 🧪
While Polymarket didn’t name the provider in question, several users pointed to Magic Labs, which allows email-based logins and automatically creates wallets for users. A gateway to paradise – or a trapdoor. 🚪
The company acknowledged the issue but did not disclose how many users were affected or the amount of money stolen. A masterclass in opacity. 🎭
“We recently identified and resolved a security issue affecting a small number of users. The issue was caused by a vulnerability introduced by a third-party authentication provider,” a company spokesperson said on Discord. “Polymarket takes security extremely seriously, and the issue has been remediated. There is no ongoing risk at this time, and we will be in contact with impacted users.” A speech worthy of a Soviet apparatchik. 🎤
Polymarket and Magic Labs did not respond immediately to emails asking for comment. Silence: the ultimate response. 🤐
Read More
- ETH PREDICTION. ETH cryptocurrency
- Cantarella: Dominion of Qualia launches for PC via Steam in 2026
- They Nest (2000) Movie Review
- Super Animal Royale: All Mole Transportation Network Locations Guide
- Gold Rate Forecast
- Code Vein II PC system requirements revealed
- Jynxzi’s R9 Haircut: The Bet That Broke the Internet
- Anthropic’s AI vending machine turns communist and gives everything for free
- Beyond Prediction: Bayesian Methods for Smarter Financial Risk Management
- Ripple’s New Partner: A Game Changer or Just Another Crypto Fad?
2025-12-24 13:45