BUSINESSBITCOIN MAGAZINE
Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found
A study found that Polymarket’s five-minute Bitcoin contracts were manipulated by traders who siphoned $8.2 million from retail bettors. The manipulation exploited a Chainlink oracle averaging Bitcoin’s price across exchanges, allowing traders to influence closing prices in the final seconds of each contract cycle.
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