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Report: Polymarket Ignored Warnings During $10M Fraud Attack

Josh1 min read

Polymarket Logo on mobile deviceBad actors targeted Polymarket’s U.S. platform in a $10 million fraud scheme using stolen debit cards, pushing payment processor Checkout.com to reject over 80% of deposits as fraudulent. High Rejection Rates Trigger Payment Processor Crackdown Prediction-market startup Polymarket faces accusations of prioritizing user expansion and aggressive growth over compliance safeguards when bad actors targeted its […]

Source: https://news.bitcoin.com/featured/report-polymarket-ignored-warnings-during-10m-fraud-attack/

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