Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Polymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations led to more than $600,000 in losses, at least five high-profile companies have shuttered this week, and a petition to eliminate South Korea’s tax on crypto gains reached the threshold required for government review.

Polymarket confirmed a security exploit affected part of its infrastructure, pointing to a possible private key compromise involving a wallet used for top-up operations, while saying user funds and market resolution were safe.

In a Friday X post, Polymarket developers said contracts and core infrastructure were unaffected. Polymarket product lead Akanshu Jain and multiple other Polymarket employees also said user funds and market resolution are safe.

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