Polymarket pauses trading after $2.65 million exploit, says third-party provider was compromised

Crypto Insight Summary: After over $2.5 million was lost within minutes on Polymarket, the platform said it has since placed its exchange in cancel-only mode. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: A platform-specific exploit may weaken crypto trust briefly but has limited broader market impact.