Polymarket’s private key compromise has frozen $164,000 in funds. According to Josh Stevens, Polymarket’s Vice President of Engineering @devjoshstevens, with assistance from @zachxbt, @Bitcoin_Vietnam, and @ChangeNOW_io, $164,000 in funds—approximately 28.6% of the $573,200 total transferred—have been frozen in the private key compromise incident. Josh stated that the incident did not affect Polymarket or UMA smart contracts; user funds remain secure and platform operations are unaffected. The investigation revealed that the breach stemmed from a private key, approximately six years old, that was used for internal deposit configurations, resulting in funds being continuously sent to the compromised address. The relevant teams are continuing to track the remaining stolen funds.