Polymarket Clarifies $660,000 Drain Was Not a Contract Exploit

22-May-2026 CoinPedia
Truebit Protocol Suffered a $26.5 million Hack as the TRU Token Crashed 100%

The post Polymarket Clarifies $660,000 Drain Was Not a Contract Exploit appeared first on Coinpedia Fintech News

An attacker is allegedly actively draining funds from Polymarket’s UMA CTF Adapter contract on Polygon in a live exploit first identified by onchain investigator ZachXBT. Losses have climbed from an initial $520,000 to more than $660,000 as the attack continues, with the attacker removing approximately 5,000 POL tokens every 30 seconds. Bubblemaps, Lookonchain, and PeckShield …

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