Polymarket Reopens Trading and Offers Refunds After Security Incident

According to AMBCrypto, an outside provider experienced a security incident that led Polymarket to pause trading temporarily. The platform subsequently restored trading functionality while committing to provide refunds to affected traders. No further details were given regarding the nature of the provider’s role, the timing of the pause beyond it being emergency-driven, or specific loss amounts. Polymarket stated it would cover traders’ losses resulting from the incident. The estimate of $2.7 million referenced by AMBCrypto relates to potential breach costs and is included in reporting; Polymarket did not independently confirm this figure. The pledge to refund affected users reflects a response to the pause caused by the provider issue. No public statement was issued about investigation progress, internal review steps, or future security measures at this time.