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Polymarket users lose nearly $3M in suspected phishing attack
Jun 25, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan

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AI Overview
On-chain analyst Specter reported a major Polymarket breach today that drained up to $2.94 million from about 11 accounts, with stolen funds held as PUSD. Attackers swapped the PUSD into ETH and routed proceeds to a final address, highlighting a significant crypto security and DeFi risk for Polymarket collateral and users.
Bearish
Popular on-chain analyst Specter just reported a major Polymarket breach today that stole up to $2.94 million from about 11 accounts combined. According to Specter, the stolen funds were originally held as PUSD (Polymarket’s USD-pegged collateral token), swapped into ETH and sent to a final address. While 11 victims have been identified so far, the...




