I got rugged for $500K by Polymarket on "Did Microstrategy sell BTC before May 31st."
But this isn't just about me. Traders put $3.8 MILLION on the correct outcome before Polymarket changed the rules.
They scammed 1,868 people. And we'll fight for all of them.
@deCryptoEagle This is a phishing scam! Do not click the link. Do not interact with this email⚠️
It uses our old logo. The sender's email address will also be incorrect.
There is no vulnerability that requires any update or user action!
This market will resolve to "Yes" if MicroStrategy sells any of its Bitcoin by 11:59 PM ET on the date specified in the title.
Otherwise, this market will resolve to "No".
$938,924.03 REKT by @Polymarket
97 traders affected.
They changed the rules after we bet.
MicroStrategy SOLD Bitcoin. Market resolved NO.
wtf?
Join us: #StopPolyScam
I’m 20 years old, still a university student.
Before this dispute, I was one of the top 10 YES holders in the Polymarket MicroStrategy market. I lost around 35,000 USDC because I trusted the written rule.
The rule said YES if MicroStrategy sold Bitcoin by May 31.
It did not say the sale had to be publicly disclosed by May 31.
That is the whole issue.
If you want to help:
Repost this.
Tag a journalist.
Tag a lawyer.
Send this to a crypto researcher.
Submit your case if you were affected.
https://t.co/pmXUtr9jFD
Silence is what platforms count on.
Don’t give them that.
Usually when you see people complaining about Prediction market outcomes, you know they've just not read the fine print.
But damn, in this case the guy really does appear to have been scammed by Polymarket.
The actual end date for this Polymarket scam was July 1st - per the API
So Polymarket is just straight up scamming traders in order to keep their UMA whales happy?
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@crypto_bitlord7 Yeah sick of it too, I'm now to scared to chase airdrops, just don't want to connect to anything and then of course there's also the scammers, just not a fun place like crypto used to be, all most forgot to mention my bags are down real bad too