Bitcoin Holds Near $78K Over Weekend As Polymarket Refunds Hack Victims After Crypto Security Scares

The breach happened amid a backdrop of a $6 billion hack on Binance, which the FBI attributed to North Korea's TraderTraitor group.

• Bitcoin traded relatively steadily near $78,000 over the weekend, following a volatile week.
• Polymarket said it had issued full refunds to 689 of the 726 wallets affected by last week's breach, with the remaining 37 being reimbursed as their claims are verified.
• The prediction market platform is also paying out $1.19 million to around 5,500 wallets to compensate traders who lost funds during its trading halt.

Bitcoin (BTC) remained stable around $78,000 over the weekend, displaying strength after a tumultuous week marked by two high-profile crypto security breaches, with Polymarket taking steps to compensate traders affected by its hack and trading suspension.

The company said that “689 of 726 affected wallets have been refunded in full.” The remaining 37 “were being paid as each is verified,” it said. Polymarket was also covering losses caused by the outage itself.

“We’re also going further,” the company said, while adding that traders who lost money during the trading pause, or whose positions were “taken,” will be compensated too. Polymarket said it is paying “$1.19M to 5.5K wallets,” starting with that update.