The Polycule project, a trading bot operating on the Polymarket prediction market platform, is facing allegations of a Rug Pull after its entire system unexpectedly shut down, preventing users from withdrawing funds for several consecutive days. The incident quickly attracted attention from the cryptocurrency community due to numerous irregularities, contradicting previous commitments from the development team.
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According to reports circulating on social media on January 12th, Polycule showed signs of withdrawing liquidation or misappropriating user assets. A few days prior, the project team had stated that the system had suffered a security breach, affecting approximately $230,000 of user assets. Polycule then stated that the trading bot was temporarily taken offline for patching, a thorough source code review, and promised to complete the fix in a short time, expected before the end of the week.
