Polymarket investigates suspicious transactions, confirms no contract hack
Polymarket is investigating suspicious transactions after a compromised private key led to the draining of $520,000 to $700,000 in POL tokens. The platform confirmed that user funds remain safe and that the issue was not due to a hack of their smart contract systems. The compromised key was six years old and was associated with an internal admin wallet.
- ▪A compromised private key allowed unauthorized outflows from Polymarket's internal operations wallet.
- ▪The stolen funds were dispersed across approximately 15 to 16 different wallet addresses.
- ▪Polymarket clarified that the issue was not a vulnerability in their core contract systems.
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Polymarket investigates suspicious transactions, confirms no contract hack A compromised private key led to roughly $520K-$700K in POL tokens being drained from internal wallets, but the platform says user funds remain safe. Share Add us on Google by Editorial Team May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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