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Polymarket: $164,000 Frozen After Private Key Leak and Funds Theft

2026.05.22 23:04:52

May 22: Polymarket’s VP of Engineering Josh Stevens announced that with support from ZachXBT, BitcoinVN, and ChangeNOW, the team has frozen $164,000 of funds stolen in the recent Polymarket private key leak. That amount accounts for around 28.6% of the total $573,200 transferred in the incident. The company confirmed the breach did not affect its UMA smart contracts, user fund security, or ongoing platform operations. Investigators traced the hack to a compromised private key—used for internal replenishment settings for roughly six years—that caused a steady flow of funds to unauthorized addresses. Relevant teams are still working to track down the remaining stolen funds.
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