CoinDesk reports that Polymarket has launched a new market: "When will the next cryptocurrency hack exceeding $100 million in losses occur?" This market primarily uses the Rekt News leaderboard as its source for resolution, but may also rely on widely accepted, reliable reports. Currently, the prediction market features four time points: April 30, June 30, September 30, and December 31. The contract rules state: This market concerns whether any cryptocurrency project or exchange suffers a hack or attack worth at least $100 million in value between the market’s creation and 11:59 PM Eastern Time on the date specified in the title. Otherwise, the market will resolve as "No." Hacks targeting decentralized exchanges and lending protocols will be counted.
Polymarket Launches Prediction Market for Next $100M+ Crypto Hack
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Summary
Polymarket has launched a prediction market asking when the next cryptocurrency hack exceeding $100 million will occur. The market uses Rekt News rankings as the primary resolution source and features four timeframes: April 30, June 30, September 30, and December 31. Any exchange hack or crypto project breach exceeding $100 million during these periods will result in a 'Yes' resolution. The event includes attacks on both exchanges and lending protocols.
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