U.S. Begins Investigating Polymarket, a Test of a Key Regulator
Polymarket hack updated to $3.1 million days after the platform promised users full refunds. The news of the phishing attack follows reports that Polymarket is under federal investigation following a Wall Street Journal article into the prediction markets platform deceptive social media promotion of users boasting winnings. One of the victims of the hack, Ash, on X wrote that his wallet had been hacked and had no idea why at the time.