Polymarket restricts trading as users report drained wallets

Polymarket has restricted trading to cancel-only mode and paused relayer actions while investigating an incident on Oct. 29, as users have reported unauthorized withdrawals and one social media account has alleged losses of $2.68 million. Summary Polymarket has restricted trading and paused relayer actions while investigating an incident. A trader named Car reported losing $800,000 and said all his positions were sold. StarPlatinum alleged $2.68 million in losses, without official confirmation of the amount or cause. The company’s status updates have described an investigation without confirming a frontend compromise. Polymarket’s incident notice records the disruption at 18:05 UTC and classifies it as a major outage affecting its Predictions Trading API, known as the CLOB. Polymarket allows cancellations while new trading stops In a status update, the platform said users could cancel existing orders, but new orders and trades were not processing. Relayer actions remained paused during the investigation, according to the update published by Polymarket Status. The incident notice states that the exchange is in “cancel-only mode and relayer actions paused.” Its affected-services list...