Polymarket freezes $164K in stolen funds, says user funds 'are safe'

Polymarket has frozen a portion of stolen funds. Josh Stevens, Vice President of Polymarket, announced that the company has frozen $164,000 of the $573,200 in stolen funds, in cooperation with parties including ZachXBT. The incident was caused by the compromise of a six-year-old private key used for an internal funding setup. Stevens emphasized that the event was not an exploit of Polymarket or UMA contracts, adding that user funds are safe and all services are operating normally.