The Polymarket Hack: Lessons on Third-Party Risks
The recent Polymarket hack has gotten everybody’s attention, huh? A cryptic warning, a rogue key, and a whole lot of money disappearing into the ether. The loss? About $10 million across 1,200 wallets. Not a classic hack by any means, but still a huge black eye for the crypto space. The root cause, you guessed it, was a third-party login service they were using to verify accounts. In crypto, it’s not just the tech stack you gotta watch out for, but the whole ecosystem of service providers that come with it.
This incident is a glaring example of the uncharted risks that come with relying on third-party services. As a community, we’ve got to be better at anticipating the cracks that can form in our walls. The lessons here are many, and…
