ZachXBT Flags Polymarket Smart-Contract Exploit With $520,000 in Losses
On-chain investigator ZachXBT issued a neighborhood alert flagging an obvious exploit of Polymarket’s UMA CTF Adapter.
The UMA CTF Adapter is the sensible contract that lets Polymarket’s prediction markets settle utilizing UMA’s Optimistic Oracle
According to the alert, greater than $520,000 has been drained from the contract to date, with funds flowing to an attacker deal with tagged as 0x8F98075db5d6C620e8D420A8c516E2F2059d9B91.
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The state of affairs is growing, and the total scope of the incident, in addition to any response from Polymarket, has but to be confirmed. BeInCrypto has contacted Polymarket for touch upon the reported exploit and can replace this story as extra data turns into out there.
The Polymarket incident lands amid a broader spike in DeFi exploits this month. May has already produced 5 separate hacks in the previous week alone, pushing the month-to-month tally to 19, in keeping with DeFiLlama data. Cumulative losses throughout these incidents have reached roughly $38.2 million.
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