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Hackers Build Fake Polymarket Platforms That Rig Trades and Block Cryptocurrency Withdrawals

Criminals are copying the look of Polymarket, one of the biggest prediction market sites. They use the copies to take cryptocurrency from people who think they are placing real bets. Once a victim deposits money, the site decides every win and loss, and withdrawals stop working. The scams are not one-off websites. Three Russian-speaking “traffer” […] The post Hackers Build Fake Polymarket Platforms That Rig Trades and Block Cryptocurrency Withdrawals appeared first on Cyber Security News.
Criminals are copying the look of Polymarket, one of the biggest prediction market sites. They use the copies to take cryptocurrency from people who think they are placing real bets. Once a victim deposits money, the site decides every win and loss, and withdrawals stop working. The scams are not one-off websites. Three Russian-speaking “traffer” teams, called AtlasCore, PolyFucked and Magnetic Team, sell ready-made fake prediction markets to affiliates. Affiliates bring in the victims, and the team supplies the website, admin panel, crypto payment system and technical support. Earlier cases such as fake Polymarket…
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