Prediction markets platform Polymarket suspended operations on Thursday after reporting a “major outage” affecting its trading API. The platform entered “cancel-only” mode before declaring all systems operational again as of 7:05 pm UTC. Polymarket said one of its third-party providers had been compromised and referred the matter to the relevant law enforcement authorities. Several users claimed online that their accounts had been drained of thousands of dollars after their positions were sold without their consent, while Polymarket said affected users would be made whole.
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