Friday, October 30, 2026

Hackers steal millions of dollars from Polymarket, trading suspended

The world’s largest peer-to-peer prediction market platform, Polymarket, suspended trading on Thursday after hackers swindled millions of dollars from the platform.

• October 30, 2026
Polymarket
Polymarket

The world’s largest peer-to-peer prediction market platform, Polymarket, suspended trading on Thursday after hackers swindled millions of dollars from the platform.

“We’ve identified & fixed an issue impacting our international platform, Polymarket.com. One of our 3rd party providers was compromised, and we have referred this to relevant law enforcement,” Polymarket said on X. “Out of an abundance of caution, we have temporarily halted trading & are working to bring the platform back online.”

Though Polymarket did not say how much was drained from its users, reports from The Wall Street Journal and The Washington Post estimated that hackers stole around $2.5 million from the platform.

The prediction market platform, however, promised to reimburse its users affected by the attack, stating, “Anyone who has been impacted will be made whole. We’ll make this right and are fully reimbursing all affected traders.”

Crypto giant Binance was hit by a suspected cyberattack, forcing the company to suspend deposits and withdrawals.

“Binance’s initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorised withdrawal transactions,” the crypto trading platform said. “We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.”

Binance said around $6.3 billion was affected, and it worked with its partners to freeze the assets.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Federal Bureau of Investigation (FBI)

Anti-Corruption

U.S. indicts suspects in multimillion-dollar ‘ghost student’ loan scam linked to Kenyan fraudsters

Investigators said the fraud had been ongoing since at least 2021, with estimates putting the scale of the fraud well over $200 million.

stolen vehicle

States

Police recover a stolen vehicle in Ogun

The police command in Ogun says it recovered a stolen and unregistered Lexus ES350 saloon car in Ondo.

helicopters collide in Oregon

World

Three die as two helicopters collide in Oregon

Two helicopters collided midair in rural Yamhill County near McMinnville Municipal Airport on Thursday, killing all three on board.

Heading 4

Kaduna NBA chairman’s daughter Aisha Baba Lawal dies

Aisha Baba Lawal, daughter of the Nigerian Bar Association chairman in Kaduna, Baba Lawal Aliyu, is dead.

APC members in Adamawa

Politics

Adamawa APC committees to submit work plans by November 6 ‎

The Adamawa All Progressives Congress Campaign Council has directed its newly inaugurated committees to submit work plans by November 6.

Polymarket

Anti-Corruption

Hackers steal millions of dollars from Polymarket, trading suspended

The world’s largest peer-to-peer prediction market platform, Polymarket, suspended trading on Thursday after hackers swindled millions of dollars from the platform.