Polycule Security Collapse Leaves Users' Funds Frozen

Community members are growing increasingly frustrated as Polycule, a trading bot platform integrated with Polymarket, remains unable to restore user access to locked funds following what the team is calling a security breach. On January 12th, PANews highlighted the escalating crisis affecting the cryptocurrency trading community, with hundreds of users caught in what many are suspecting could be a coordinated exit scheme.

The Security Breach That Started It All

According to reports from the affected Polycule user base, the platform fell victim to a sophisticated security attack on last Thursday. The incident resulted in $230,000 of user capital being frozen and inaccessible. The Polycule team initially acknowledged the compromise in a community statement, explaining that the bot had been temporarily taken offline while they worked on implementing security patches and conducting third-party code reviews.

When “By the Weekend” Becomes Indefinite

The team’s promise to have security fixes completed by the end of the week has not materialized. As of late January, users attempting to recover their deposits from Polycule continue to face a hard wall—their funds remain unretrievable. More concerning than the locked capital itself is the communication vacuum. Beyond the initial acknowledgment of the breach, the Polycule team has offered no additional updates, roadmap for recovery, or timeline for restoring access.

The Bigger Picture for Polycule Users

What started as a technical incident has evolved into a credibility crisis for Polycule. The platform’s inability to provide transparent updates or demonstrate active progress toward resolution has fueled speculation among users about whether this is a genuine security issue or something more deliberate. The trading bot ecosystem, already scrutinized for risk management practices, now faces renewed questions about the safeguards protecting user capital in specialized trading applications.