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4 sourcesTracking since 20 Sept, 07:23

Polymarket targeted in alleged $10 million stolen-card fraud scheme

In brief

Polymarket’s U.S. platform was targeted in an alleged fraud scheme involving stolen debit cards and attempted transactions worth at least $10 million. The cards were reportedly linked to accounts used for wagers and withdrawals. A payment processor rejected more than 80% of deposits as potentially fraudulent.

Summary written by HeraldLoop from 4 sources · updated 7h ago

What changed

  1. 20 Sept, 07:23Polymarket hit by alleged $10M stolen-card fraud · Crypto.news
  2. 20 Sept, 14:59Polymarket Hit by Major Fraud Scheme · U.Today
  3. 21 Sept, 07:04Stolen Debit Cards Used in $10,000,000 Polymarket Scheme: Report · The Daily Hodl
  4. 22 Sept, 08:30Report: Polymarket Ignored Warnings During $10M Fraud Attack · Bitcoin.com News
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Chronological coverage

  1. 22 September
  2. Latest22 Sept, 08:30

    Report: Polymarket Ignored Warnings During $10M Fraud Attack

    Bad 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 […]

    Bitcoin.com NewsBitcoin.com News•Terence Zimwara
  3. 21 September
  4. Follow-up21 Sept, 07:04

    Stolen Debit Cards Used in $10,000,000 Polymarket Scheme: Report

    Fraudsters linked stolen debit cards to Polymarket US accounts for wagers and withdrawals in a scheme attempting at least $10 million in theft. A payment processor flagged the issue with rejection rates exceeding 80%, but the CEO reportedly prioritized growth over immediate fixes.

    The Daily HodlThe Daily Hodl•Daily Hodl Staff
  5. 20 September
  6. Follow-up20 Sept, 14:59

    Polymarket Hit by Major Fraud Scheme

    Prediction-market giant Polymarket was reportedly hit by a sprawling fraud scheme that saw criminals attempt to funnel at least $10 million through its U.S. platform.

    U.TodayU.Today•Alex Dovbnya
  7. First seen20 Sept, 07:23

    Polymarket hit by alleged $10M stolen-card fraud

    Polymarket faces scrutiny after WSJ reported a $10 million stolen-card fraud attempt and unusually high rejected deposits on its U.S. platform.

    Crypto.newsCrypto.news•Olivia Stephanie