2 hours ago
2
Polymarket US accepts dollars through conventional payment systems, while the company’s international platform uses blockchain settlement. That separation is central to understanding what failed and what blockchain could never have prevented.
Key Takeaways
- $10 million covers attempted, not completed losses.
- The alleged scheme began with stolen cards.
- Polymarket US uses dollars, not crypto collateral.
- Withdrawal rules can block fraudulent cash-outs.
- Blockchain records movement, not card ownership.
The $10 million figure describes attempted transactions
A payment processor warned Polymarket in February that its US platform was being flooded with deposits from stolen debit cards, according to a Wall Street Journal investigation published on September 20.
The cards were allegedly connected to thousands of newly created accounts. At one point, processor Checkout.com classified more than 80%...
English (US)