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Polymarket executives: Have completed private key rotation, and plan to migrate all private keys to KMS in the future.

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Golden Finance reports that Polymarket’s Engineering and DeFi Vice President Josh posted on X, saying that the security incident encountered this time was caused by a private key that had been in use for 6 years being leaked. The private key was used in internal recharge (top-up) configuration, which is also why some funds were sent to that address. Currently, the Polymarket team has completed private key rotation, revoked all permissions for production environments, and plans to migrate all private keys to a Key Management Service (KMS) going forward, rather than continuing to store private keys using traditional methods. In addition, neither Polymarket nor its UMA contracts were exploited; all users’ funds are safe, and the platform can operate normally.
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