Polymarket suspended trading amid reports of user funds being drained
Summary
Polymarket temporarily halted trading after a major outage affecting its Predictions Trading API, placing the platform in cancel-only mode. The company said it fixed the issue, restored operations, and traced the incident to a compromised third-party provider, which it referred to law enforcement. Users reported that positions were sold without consent and accounts lost thousands of dollars. Polymarket said affected users would be made whole.
