todayonchain.com

ZachXBT Flags Polymarket Smart-Contract Exploit With $520,000 in Losses

BeInCrypto
On-chain investigator ZachXBT has alerted the community to a $520,000 exploit involving the UMA CTF Adapter smart contract on Polymarket.

Summary

On-chain investigator ZachXBT has reported a significant security exploit affecting the UMA CTF Adapter, a smart contract used by Polymarket for settling prediction markets. Approximately $520,000 has been drained, with funds traced to a specific attacker address. The situation remains fluid as Polymarket has yet to issue an official statement, contributing to a series of recent DeFi hacks that have resulted in over $38 million in losses throughout May.

(Source:BeInCrypto)