00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Hackers drained at least $2.6 million from Polymarket user accounts Thursday
00:08after exploiting a security flaw in a third-party tool used on the Prediction Markets website,
00:13according to the Wall Street Journal.
00:15The attack affected more than 700 accounts
00:18and prompted Polymarket to temporarily suspend trading on its international exchange.
00:23The breach originated from DebugBear,
00:25a website performance monitoring tool that confirmed an ongoing security incident.
00:30Polymarket said it fixed the issue and promised to reimburse affected users.
00:35The attack follows a similar breach in June
00:37and at least two fraud attacks on its U.S. platform this year.
00:41Polymarket also faces legal challenges
00:44over whether prediction markets constitute regulated financial products or illegal gambling.
00:49For all things money, visit Benzinga.com.
