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Polymarket Exploit Drains $520K: DeFi Hacks Spike, P2P Merchants Watch Spreads
DeFiBearish1 min readMay 22, 2026BeInCrypto

Polymarket Exploit Drains $520K: DeFi Hacks Spike, P2P Merchants Watch Spreads

Polymarket just got hit for over half a million bucks. This exploit is part of a massive DeFi hack wave this month, and you need to know how it shakes up your P2P game.

Another day, another DeFi dumpster fire. Polymarket's UMA CTF Adapter got drained for over $520,000. This isn't some isolated incident; it's a symptom of a much bigger problem. DeFi is bleeding cash, and the hacks are piling up faster than you can clear your order book.

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