Governance Attack Strikes Polymarket: UMA Tycoon Manipulates Vote for Profits

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

RARE-1.563%

X-6.72%

UMA-2.482%

Source: Coinmarketcap

Updated: Mar 26 2025

Governance Manipulation Allegations: A large UMA holder allegedly manipulated Polymarket's voting system regarding a market on Ukraine signing a mineral agreement with Trump, resulting in a 'YES' outcome despite no formal agreement being made.
Controversy Over Voting Process: The situation raised concerns about fairness and governance negligence, as last-minute clarifications from Polymarket led to confusion, allowing strategic voting by UMA whales to prevail over the intended resolution process.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Governance Attack Strikes Polymarket: UMA Tycoon Manipulates Vote for Profits

About the author

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