Polymarket says governance attack by UMA whale to hijack a bet's resolution is ‘unprecedented'
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Polymarket is investigating an alleged governance attack on a $7 million prediction market bet about a Ukraine-Trump mineral deal. A UMA token whale reportedly manipulated voting results, resolving the bet to 'yes' despite no official agreement. The platform acknowledges the unprecedented situation and is working with UMA to prevent future exploits.
March 26, 2025 | 9:00 am
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UMA's oracle system is under scrutiny after allegations of vote manipulation in a Polymarket prediction market, potentially damaging trust in its decentralized governance mechanism.
The news directly implicates UMA's token and oracle system in a significant manipulation controversy, which could erode investor confidence and potentially impact token valuation.
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