Polymarket's private key breach has frozen $164,000 in funds.

According to Huoxun Finance, Josh Stevens, VP of Engineering at Polymarket, disclosed that with the assistance of ZachXBT, BitcoinVN, and ChangeNOW, $164,000 in funds related to the Polymarket private key breach has been frozen, representing approximately 28.6% of the total transferred amount of $573,200. Josh stated that the incident did not affect Polymarket or the UMA smart contract, user funds are safe, and the platform is operating normally. The investigation revealed that the incident stemmed from the leakage of a private key that had existed for approximately six years. This private key was used for internal recharge configuration, causing funds to be continuously sent to affected addresses. The team is currently continuing to track the remaining stolen funds.