According to Decrypt, Polymarket restricted trading activities and paused relayer functions following reports from users that funds have been withdrawn from their accounts. The platform’s decision came in response to user notifications indicating unauthorized or unexpected fund movements.
A wallet identified as potentially malicious currently holds approximately $2.65 million worth of POL tokens, based on Arkham data. Polymarket has not confirmed the origin of the funds or directly linked the wallet to any specific incident but is investigating the situation internally.
The pause affects all trading operations on the platform and prevents new relayer actions from processing. Users are advised that no further deposits or withdrawals can be executed through active market interactions until the investigation concludes. Polymarket has not yet provided a timeline for when trading may resume.
No official statement from Polymarket’s security team was included in the report. The platform continues to gather information from user reports and external monitoring data as part of its review process.
