Polymarket Admin Wallet Compromised on Polygon Blockchain
- Attack Confirmation: On-chain investigator ZachXBT reported that Polymarket's admin address was compromised on the Polygon blockchain, with initial theft estimates around $520,000, later updates indicating losses may exceed $600,000, highlighting the severity of the security breach.
- Funds Diversion Strategy: After exploiting Polymarket's UMA CTF adapter contract, the attacker split the stolen funds across 15 different addresses, demonstrating a strategy to evade tracking, which may complicate recovery efforts for the stolen assets.
- Team Response Actions: Polymarket's Shantikiran Chanal confirmed the attack on social media, stating that the team is investigating potential impacts on other internal secrets while rotating backend services to enhance security, reflecting a commitment to user fund safety.
- Market Confidence Impact: Although Chanal asserted that user funds and market resolutions are safe, this incident could negatively affect user confidence in Polymarket, particularly in a crypto market increasingly focused on security.
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Technical Analysis for UMA
Technical Sentiment Analysis for UMA (UMA). As of , UMA (UMA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UMA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, UMA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
UMA (UMA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.368 | 0.396 | 0.427 | 0.455 | 0.486 | 0.514 | 0.545 |
| Fibonacci | 0.396 | 0.419 | 0.432 | 0.455 | 0.478 | 0.491 | 0.514 |
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