Convincing the victim to hand over access to a wallet containing more than $10M in assets.
The stolen ETH is now being distributed across three separate wallets, a tactic often used to divide and move illicit funds more efficiently while complicating tracking efforts.
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Instead of burning tokens from the seller's wallet during transactions, the contract mistakenly burned tokens from the liquidity pool, disrupting the token-to-WBNB balance.
The attacker exploited this imbalance to manipulate the pool's reserves and withdraw approximately 220 WBNB, leaving the liquidity pool significantly drained.
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The attack reportedly resulted in around $3 million in stolen crypto from 11+ users, who unknowingly approved fraudulent wallet transactions.
Polymarket has since contained the breach, removed the malicious code, and stated that all affected users will be fully refunded. The platform also confirmed that its core infrastructure and smart contracts were not compromised.
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U.S. prosecutors allege he played a role in the May 2025 cyberattack targeting a luxury jewelry retailer. The group reportedly demanded an $8 million ransom, but the company refused to pay.
If convicted, Stokes could face significant federal penalties.
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The attacker reportedly abused a vulnerability in the protocol's prooflessDeposit() function, combined with multiple transaction calls, to drain funds from the platform.
The stolen assets are now being moved through Tornado Cash and THORChain in an apparent attempt to obscure their trail.
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The victim attempted to swap approximately $2M in crypto but received only $14K in return, with the remaining funds stolen by the malicious platform.
This incident serves as another reminder to always verify URLs and use only trusted, official swap interfaces before approving any wallet transaction.
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The victim received a call from a fake support team and was social engineered, resulting in the theft of 30 BTC (~$1.84M) and 702 ETH (~$1.2M).
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UPDATE: LayerZero has clarified that these transfers were part of routine operational rebalancing. There was no security breach, and user funds were never at risk.
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