• bitcoinBitcoin (BTC) $ 111,594.00
  • ethereumEthereum (ETH) $ 2,658.70
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.43
  • bnbBNB (BNB) $ 685.83
  • solanaSolana (SOL) $ 179.55
  • usd-coinUSDC (USDC) $ 0.999798
  • dogecoinDogecoin (DOGE) $ 0.245077
  • cardanoCardano (ADA) $ 0.807985
  • tronTRON (TRX) $ 0.274983
  • staked-etherLido Staked Ether (STETH) $ 2,656.84
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,115.00
  • suiSui (SUI) $ 3.87
  • hyperliquidHyperliquid (HYPE) $ 33.33
  • chainlinkChainlink (LINK) $ 16.73
  • wrapped-stethWrapped stETH (WSTETH) $ 3,182.23
  • avalanche-2Avalanche (AVAX) $ 25.19
  • stellarStellar (XLM) $ 0.303408
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • bitcoin-cashBitcoin Cash (BCH) $ 444.67
  • hedera-hashgraphHedera (HBAR) $ 0.204562
  • leo-tokenLEO Token (LEO) $ 8.91
  • the-open-networkToncoin (TON) $ 3.17
  • litecoinLitecoin (LTC) $ 100.28
  • polkadotPolkadot (DOT) $ 4.94
  • wethWETH (WETH) $ 2,659.26
  • moneroMonero (XMR) $ 386.55
  • usdsUSDS (USDS) $ 0.999699
  • wrapped-eethWrapped eETH (WEETH) $ 2,837.61
  • pepePepe (PEPE) $ 0.000015
  • bitget-tokenBitget Token (BGB) $ 5.24
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • pi-networkPi Network (PI) $ 0.826723
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,545.00
  • whitebitWhiteBIT Coin (WBT) $ 31.83
  • bittensorBittensor (TAO) $ 464.94
  • aaveAave (AAVE) $ 256.10
  • uniswapUniswap (UNI) $ 6.41
  • nearNEAR Protocol (NEAR) $ 3.07
  • daiDai (DAI) $ 0.999916
  • aptosAptos (APT) $ 5.71
  • jito-staked-solJito Staked SOL (JITOSOL) $ 216.14
  • ondo-financeOndo (ONDO) $ 1.02
  • okbOKB (OKB) $ 52.83
  • kaspaKaspa (KAS) $ 0.117129
  • internet-computerInternet Computer (ICP) $ 5.69
  • ethereum-classicEthereum Classic (ETC) $ 19.70
  • crypto-com-chainCronos (CRO) $ 0.100245
  • official-trumpOfficial Trump (TRUMP) $ 14.57
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.03
  • render-tokenRender (RENDER) $ 5.17
  • gatechain-tokenGate (GT) $ 21.86
  • vechainVeChain (VET) $ 0.030555
  • mantleMantle (MNT) $ 0.765625
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • ethenaEthena (ENA) $ 0.414410
  • susdssUSDS (SUSDS) $ 1.05
  • cosmosCosmos Hub (ATOM) $ 5.20
  • worldcoin-wldWorldcoin (WLD) $ 1.52
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.878583
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.250796
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,680.00
  • arbitrumArbitrum (ARB) $ 0.428472
  • algorandAlgorand (ALGO) $ 0.240937
  • filecoinFilecoin (FIL) $ 3.08
  • fasttokenFasttoken (FTN) $ 4.40
  • celestiaCelestia (TIA) $ 2.83
  • bonkBonk (BONK) $ 0.000023
  • jupiter-exchange-solanaJupiter (JUP) $ 0.587182
  • sonic-3Sonic (prev. FTM) (S) $ 0.524657
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.71
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,659.54
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • fartcoinFartcoin (FARTCOIN) $ 1.55
  • binance-staked-solBinance Staked SOL (BNSOL) $ 189.24
  • blockstackStacks (STX) $ 1.00
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,765.16
  • kucoin-sharesKuCoin (KCS) $ 11.50
  • quant-networkQuant (QNT) $ 98.14
  • optimismOptimism (OP) $ 0.810240
  • injective-protocolInjective (INJ) $ 14.07
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.05
  • immutable-xImmutable (IMX) $ 0.718602
  • story-2Story (IP) $ 4.70
  • sei-networkSei (SEI) $ 0.243773
  • nexoNEXO (NEXO) $ 1.29
  • flare-networksFlare (FLR) $ 0.019548
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,020.58
  • dogwifcoindogwifhat (WIF) $ 1.19
  • the-graphThe Graph (GRT) $ 0.121969
  • eosEOS (EOS) $ 0.764242
  • usdt0USDT0 (USDT0) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.072080
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 111,063.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.822693
  • makerMaker (MKR) $ 1,745.50
  • flokiFLOKI (FLOKI) $ 0.000112
  • raydiumRaydium (RAY) $ 3.39
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,836.93
  • msolMarinade Staked SOL (MSOL) $ 232.56
  • theta-tokenTheta Network (THETA) $ 0.968711
  • galaGALA (GALA) $ 0.021014
  • jasmycoinJasmyCoin (JASMY) $ 0.019274
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 198.98
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014588
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 111,381.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999652
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,790.25
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 686.50
  • iotaIOTA (IOTA) $ 0.231008
  • lido-daoLido DAO (LDO) $ 0.962859
  • clbtcclBTC (CLBTC) $ 112,230.00
  • coredaoorgCore (CORE) $ 0.845366
  • spx6900SPX6900 (SPX) $ 0.895326
  • the-sandboxThe Sandbox (SAND) $ 0.336200
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,758.98
  • tether-goldTether Gold (XAUT) $ 3,306.15
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • pax-goldPAX Gold (PAXG) $ 3,308.28
  • based-brettBrett (BRETT) $ 0.079750
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.80
  • pyth-networkPyth Network (PYTH) $ 0.137497
  • bitcoin-svBitcoin SV (BSV) $ 39.67
  • zcashZcash (ZEC) $ 48.77
  • heliumHelium (HNT) $ 4.19
  • walrus-2Walrus (WAL) $ 0.578425
  • pendlePendle (PENDLE) $ 4.64
  • bittorrentBitTorrent (BTT) $ 0.00000076
  • thorchainTHORChain (RUNE) $ 2.12
  • kaiaKaia (KAIA) $ 0.121861
  • dexeDeXe (DEXE) $ 12.48
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,450.00
  • jito-governance-tokenJito (JTO) $ 2.13
  • flowFlow (FLOW) $ 0.435058
  • tezosTezos (XTZ) $ 0.656893
  • grassGrass (GRASS) $ 2.46
  • chain-2Onyxcoin (XCN) $ 0.019898
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999600
  • usual-usdUsual USD (USD0) $ 0.997795
  • decentralandDecentraland (MANA) $ 0.341294
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.05
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.245183
  • ousgOUSG (OUSG) $ 111.15
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,658.90
  • super-oethSuper OETH (SUPEROETH) $ 2,659.66
  • ketKet (KET) $ 0.565256
  • apecoinApeCoin (APE) $ 0.704089
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 111,699.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.682166
  • elrond-erd-2MultiversX (EGLD) $ 19.70
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.005589
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009697
  • aioz-networkAIOZ Network (AIOZ) $ 0.473617
  • dydx-chaindYdX (DYDX) $ 0.711594
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,758.10
  • starknetStarknet (STRK) $ 0.176555
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,835.14
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
  • mog-coinMog Coin (MOG) $ 0.000001
  • popcatPopcat (POPCAT) $ 0.538772
  • arweaveArweave (AR) $ 8.01
  • kaitoKAITO (KAITO) $ 2.15
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,660.25
  • tbtctBTC (TBTC) $ 111,174.00
  • axie-infinityAxie Infinity (AXS) $ 3.16
  • deepDeepBook (DEEP) $ 0.201534
  • conflux-tokenConflux (CFX) $ 0.098882
  • wormholeWormhole (W) $ 0.108951
  • true-usdTrueUSD (TUSD) $ 0.999988
  • neoNEO (NEO) $ 7.03
  • movementMovement (MOVE) $ 0.192787
  • telcoinTelcoin (TEL) $ 0.005302
  • pumpbtcpumpBTC (PUMPBTC) $ 109,046.00
  • roninRonin (RON) $ 0.740674
  • eigenlayerEigenlayer (EIGEN) $ 1.59
  • kavaKava (KAVA) $ 0.444907
  • ecasheCash (XEC) $ 0.000024
  • morphoMorpho (MORPHO) $ 1.72
  • aethirAethir (ATH) $ 0.051283
  • chilizChiliz (CHZ) $ 0.047117
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999798
  • beldexBeldex (BDX) $ 0.062790
  • akash-networkAkash Network (AKT) $ 1.65
  • apenftAPENFT (NFT) $ 0.00000045
  • ether-fiEther.fi (ETHFI) $ 1.35
  • plumePlume (PLUME) $ 0.179852
  • beam-2Beam (BEAM) $ 0.008265
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,660.79
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • saros-financeSaros (SAROS) $ 0.161968
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 38.38
  • syrupMaple Finance (SYRUP) $ 0.385439
  • wrapped-hypeWrapped HYPE (WHYPE) $ 33.35
  • hashnote-usycCircle USYC (USYC) $ 1.09

Governance Attack Strikes Polymarket: UMA Tycoon Manipulates Vote for Profits

0 16

Governance Attack Strikes Polymarket: UMA Tycoon Manipulates Vote for Profits

Last night, a governance issue on Polymarket was reported, where a large UMA holder allegedly used last-minute voting to manipulate the system, avoid losses, and profit from an inaccurate market outcome.

A governance attack occurred on Polymarket, where a UMA tycoon used his voting power to manipulate the oracle, allowing the market to settle false results and successfully profit. The tycoon cast 5 million tokens through three accounts, accounting for 25% of the total votes.… pic.twitter.com/3xFuzdRfWJ

— Wu Blockchain (@WuBlockchain) March 26, 2025

The market in question was about whether Ukraine would sign a mineral agreement with Trump before April. As of the market settlement, no official agreement had been made. While Trump said he “expected” to sign the deal soon, it was never formally signed or announced.

Despite this, Polymarket decided the result as ‘YES’, which raised concerns about fairness, as the rules seemed to allow changing outcomes to prevent losses.

UMA Tycoon Controls 25% of Votes to Profit

A UMA tycoon used their voting power to manipulate the oracle, causing the market to settle on false results and make a profit. By casting 5 million tokens across three accounts, they controlled 25% of the votes.

Polymarket acknowledged the issue with the Ukraine Rare Earth Market, where the outcome didn’t match user expectations. Since it was not a market failure, Polymarket shared that they cannot offer refunds. Polymarket is working with the UMA team to prevent this from happening again and is focused on improving their systems, rules, and clarification processes.

Negligence or Manipulation? Polymarket and UMA’s Last-Minute Actions Lead to Controversy

However, an X user noted that there was no governance attack and this was just extreme negligence from both Polymarket and UMAprotocol.

It started with a user proposing a “Yes” answer to a market about Ukraine giving Trump rare earth metals before April, which was disputed, starting the UMA vote process. After all votes were committed, Polymarket issued a last-minute clarification saying the market wasn’t ready to resolve yet. Despite this, UMA whale voters revealed “Yes” votes to avoid penalties, as they could have abstained or rolled the vote.

The “Yes” vote prevailed, and the market ultimately resolved in line with UMA’s decision, rather than Polymarket’s last-minute clarification. The user highlighted that the confusion stemmed from Polymarket’s late intervention, which would have been more effective if issued earlier. The UMA whales, who consistently participate in these disputes, voted strategically to protect their rewards, rather than attempting to manipulate the system.

Source

Leave A Reply

Your email address will not be published.