According to Josh Stevens, Vice President of Engineering at Polymarket, $164,000 of the $573,200 transferred due to a compromised private key has been frozen through collaboration between ZachXBT, Bitcoin Vietnam, and ChangeNOW. Josh previously stated that this incident did not involve exploitation of Polymarket or the UMA contract, user funds remain secure, and Polymarket.com is fully operational. The issue stemmed from a six-year-old private key that was leaked and was part of an internal funding configuration, resulting in funds being transferred to the associated address.
Polymarket Freezes $164,000 in Funds Amid Private Key Leak Incident
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Summary
Polymarket has frozen $164,000 in funds following a private key leak, confirming no security breach of its platform or UMA contracts. The affected amount is part of $573,200 that was moved after an internal funding configuration key, six years old, was exposed. Project funding updates indicate the remaining funds are secure, with ZachXBT, Bitcoin Vietnam, and ChangeNOW assisting in the freeze. Polymarket’s VP, Josh Stevens, confirmed that user assets remain unaffected.
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