Polymarket suspends trading and relayer services after wallet drain reports
Image: Crypto BriefingPolymarket has stopped new trades and moved to cancel‑only mode. It also paused relayer actions that submit transactions for users. The actions follow social‑media reports that some users' wallets were drained. The platform's status page confirmed the halt while an investigation was underway. MetaMask said its users were not affected. Polymarket has said it will reimburse impacted users.
Key points
- Polymarket halted trading and switched to cancel‑only mode.
- The platform paused relayer actions that process transactions for users.
- Reports surfaced that users' wallets were drained, prompting the suspension.
Why it matters
Users cannot place or settle trades on Polymarket while the issue is investigated, and potential losses may be reimbursed, affecting market activity and confidence.
What's unclear
Crypto Briefing notes no official statement and that the reports are unconfirmed, while CoinGape says the platform identified a compromised third‑party provider.
The exact amount of funds drained and whether the core protocol was compromised remain unknown.
Sources · 2 publishers
CoinGape
Tier 2
Polymarket Halts Trading Amid Reports Of Users’ Wallets Being Drained
Coverage timeline
- First reported by Crypto Briefing
- Also reported by CoinGape
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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