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Polymarket users losing $3.1 million to a third-party frontend script proves that flawless smart contract audits mean nothing if the web interface is built on fragile Web2 infrastructure. Hackers didn't break the cryptography; they just hijacked user wallet approvals at the browser level.
This creates a serious political headache for the platform. As Polymarket tries to ward off an ongoing CFTC investigation over US user access, a security failure hands federal regulators immediate leverage. Agencies looking to crack down on decentralized finance do not care about the technical nuance between a core protocol hack and a supply chain compromise. To an enforcement lawyer, a loss is a loss.
https://t.co/plvNZ0IuD1
A pension fund representing 1,200 Japanese companies just announced they're putting 1% into crypto. That's the institutional door in Japan opening, not cracking, opening.
https://t.co/7FcgrMVOzv