Predict.fun: About 400,000 USDT of User Funds Moved Without Authorization, Platform to Compensate in Full

October 27 — Prediction market Predict Fun released a security incident statement, confirming unauthorized fund transfers from a small number of users' wallets totaling about 400,000 USDT, and promised to fully compensate all affected users for funds directly lost in this incident.

Preliminary investigation shows that the API documentation website hosted by a third-party service provider may have been compromised, affecting a small number of users within a short period of time. The platform has taken the documentation website offline as a precaution until the investigation is complete, after which it will publish a full incident post-mortem and preventive measures.

Previously, on-chain monitoring firms had reported a suspected attack on the platform; this announcement adds official confirmation of the scale of losses, the suspected affected link, and the compensation arrangements.