Polymarket launched an investigation into a security incident tied to a compromised operations wallet that drained an estimated $700K in POL.

Onchain sleuth ZachXBT flagged a potential exploit of Polymarket's UMA CTF Adapter on Polygon, with $520K reportedly drained so far.

ZachXBT said that Polymarket’s UMA smart contract has been exploited for at least $520,000, pointing to an attacker address receiving hundreds of small transactions.