🚨 POLYMARKET ALLEGEDLY IGNORED WARNINGS ABOUT A $10M FRAUD ATTEMPT?

According to the WSJ, fraudsters used stolen debit cards to deposit funds, place bets, and try to withdraw the money to accounts they controlled. At one point, the payment processor rejected over 80% of deposits as suspected fraud.

Here's where it gets controversial: when withdrawals slowed, management dropped the rule requiring funds to return to their original source. Compliance staff warned of money laundering risks, while CEO Shayne Coplan was reportedly urging the team to keep growing and deal with any fines later.

How did Polymarket respond? And is hypergrowth outpacing risk controls?

👉 Read the full story: https://cryptothreads.io/news/polymarket-fraud-ceo-allegedly-dismissed-10m-warnings/

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