Polymarket hit by $700K exploit of internal top-up wallet

The investigation could lead to stricter regulations on prediction markets, impacting how geopolitical events are speculated and traded. The post Congress probes Polymarket, Kalshi over Iran strike insider trading allegations appeared first on Crypto Briefing.

Representative James Comer asked CEOs of two major prediction market companies for information on their responses to insider trading after “suspiciously timed trades” related to US military actions against Iran.

Rep. James Comer, Chairman of the House Committee on Oversight and Government Reform, sent letters to Polymarket and Kalshi to ascertain the measures these platforms are taking to curb these practices. Comer referred to the prediction markets ecosystem as the “Wild West.” Rep. James Comer Launches Probe On Insider Trading Happening On Prediction Markets Kentucky […]

A security research team just used Claude Mythos to identify the first known exploit in Apple’s M5 chip. They needed physical access to the device to use it, the vulnerability has since been patched, and I don’t think it should be seen as a huge threat. But it is a stark warning that in this AI age, attackers can find and exploit system vulnerabilities at a dangerously fast rate. While widely reported, the proof-of-concept exploit was of limited significance because it required direct physical access to the target device; what matters most is that it is a very real illustration of the new security reality. AI doesn’t care whose side you’re on AI boosts productivity for everyone, including attackers. In this case, the technology augmented the human security research team’s efforts, enabling them to identify a weakness in Apple’s security system. This won’t be the first time AI gets used to identify hard-to-find bugs and certainly won’t be the last. This should be a real concern to any p

The incident underscores the critical need for robust operational security in crypto, highlighting vulnerabilities beyond technical exploits. The post Polymarket investigates private key compromise, no contract exploit found appeared first on Crypto Briefing.

Institutional crypto adoption accelerates as Tether expands Bitcoin holdings, miners pivot to AI and Polymarket joins Nasdaq amid $1 billion fund outflows.

Polymarket's Japan entry could set a global precedent for prediction markets, influencing regulatory stances and market adoption worldwide. The post Polymarket targets Japan market entry, seeks regulatory approval by 2030 appeared first on Crypto Briefing.

Polymarket's security lapse highlights the critical need for robust operational security and key management in the evolving crypto landscape. The post Polymarket investigates suspicious transactions, confirms no contract hack appeared first on Crypto Briefing.