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Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker

CoinDesk LogoCoinDesk3d ago

Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker - CoinDesk

Quick Summary:

Eth has accumulated over 1.3 million UMA tokens to attack a Ukraine-themed market — but nobody has appeared to have made much money.

"This market resolved against the expectations of our users and our clarification," a spokesperson posted on Discord.

"We’re committed to building the future of prediction markets, which requires building resilient systems in which everyone can trust".

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Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker - CoinDesk (Picture 1)Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker - CoinDesk (Picture 2)Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker - CoinDesk (Picture 3)

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Article Details

Author / Journalist: Sam Reynolds

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 10:16:46 (3 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27349545

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 1 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 23 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker" has 401 words across 36 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Polymarket Suffers UMA Governance Attack After Rouge Actor Becomes Top-5 Token Staker" was covered 3 days ago by CoinDesk, a news publisher based in United States.

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CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 1 news stories per day.

It's most recent story was published 23 hours ago.

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  • News ID: #27349545
  • URL: https://chronographically.beamstart.com/news/polymarket-suffers-uma-governance-attack-174298443

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