Polymarket: Experiencing Issues with Third Party Entry Gateway

Polymarket Users Face Account Breaches

Polymarket, a platform operating in the prediction market space, has come into the spotlight due to complaints from its users. Many users reported that their funds in their accounts had been lost and that they had experienced suspicious login attempts.

The cause of this situation has been attributed to a yet-to-be-identified third-party login provider. Among users, there has been speculation that this provider is the popular email-based login and wallet creation tool Magic Labs.

Polymarket acknowledged the issue but did not disclose the number of affected users or the amount stolen. This situation highlights the risks associated with reliance on third-party tools in cryptocurrency platforms.