Polymarket suspends trading on international platform due to security breach
Polymarket suspended trading on its international platform for approximately one hour due to a security breach originating from DebugBear, a third-party service provider. The company announced that all affected users will be compensated for their losses.
Prediction market platform Polymarket temporarily halted trading on its international platform on Thursday due to a security breach affecting a third-party service provider, DebugBear.
Polymarket announced that it suspended trading for approximately one hour as a security precaution and that operations resumed on Thursday afternoon after the issue was resolved. In a statement on its platform, the company pledged that all affected investors would be fully compensated for their losses.
The source of the incident was identified as DebugBear, a UK-based company that provides website performance monitoring tools. DebugBear confirmed that its own website had been subject to a security breach and advised its customers to remove embedded code related to their products from their websites.
Polymarket management stated that they have reported the security incident to law enforcement in the UK. No clear information has yet been shared regarding the extent of the breach's impact on investors or how many users were affected by the situation.
Sources
- theguardian.com · Link