According to ME News, on May 23 (UTC+8), Josh, head of the prediction market Polymarket, stated that Polymarket and UMA contracts are not under threat, user funds are secure, and the platform remains fully operational. The incident occurred due to the compromise of a six-year-old private key used for internal deposits, which led to funds being transferred to related addresses. Polymarket has since rotated the compromised key, revoked its production environment permissions, and plans to migrate all private keys to a KMS key management system. (Source: MLion)
Polymarket Rotates Keys and Revokes Production Access Following Leak of 6-Year-Old Private Key
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Summary
Polymarket shared on-chain news regarding a six-year-old private key leak, confirming no compromise of user funds. The key, used for internal deposits, has been rotated and production access revoked. The platform plans to migrate all keys to a Key Management Service. Polymarket and UMA contracts remain secure. This crypto news update underscores the ongoing security measures in the industry.
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