Phoenix Finance USD (PUSD)

🚨 Polymarket users got hit by a $2.94M phishing attack.

But here’s the key part:

This wasn’t a protocol exploit.

Attackers compromised a third-party vendor, injected malicious code into the frontend, and drained funds from connected wallets.

Polymarket says the issue is contained, and all affected users will be fully refunded. ✅

Scary reminder:

In crypto, the app you connect to can be just as risky as the smart contract itself.

Check out this epic detective work from @SpecterAnalyst for more data! - https://t.co/eLIfYzlAXY

+ Well done to @Polymarket for resolving issues that fast!

Wu said he learned that, according to @defioasis data, Polymarket pUSD total has broken $500 million, and the total number of holders has exceeded 1 million, with 567 addresses holding more than 100,000 pUSD, i.e., 0% of addresses hold 55.34% of the pUSD balance; addresses holding more than 1,000 pUSD account for 2.76% and together hold 90.34% of the pUSD balance; 51.96% of holders have less than 10 pUSD, accounting for only 0.19% of the pUSD balance. pUSD represents the cash flow balance of Polymarket users; although some users have all their funds in positions, this still reflects an extreme wealth disparity in prediction markets.
https://t.co/Wflp4j4QDy