Predict.fun suffers $400K breach, promises full refunds
7 Security Predict.fun lost up to $400,000 USDT in a breach linked to a compromised third-party API portal. The platform has pledged full refunds and is investigating the incident.
Predict.fun, a prediction market on BNB Chain, recently experienced a series of security breaches that led to unauthorized transfers from user wallets. The estimated losses range from $260,000 to $400,000 USDT. Stolen funds were reportedly bridged to Ethereum and laundered through Tornado Cash, complicating efforts to trace them. The breaches are believed to have originated from a temporary compromise of Predict.fun’s third-party API documentation portal, which has since been taken offline for security reasons. In response, Predict.fun has pledged to fully reimburse all affected users once technical investigations are complete. While the full scope of the exploit is still under review, the platform has emphasized its commitment to transparency and user protection. Predict.fun has promised a detailed post-mortem and further updates as more information becomes available. The incident underscores ongoing concerns about smart contract security and the risks posed by third-party infrastructure in decentralized applications.
