Magic Labs Integration Under Scrutiny After Polymarket Breach

[AIcash]

Some affected users believe the incident may be linked to Magic Labs, a third-party wallet and authentication service used by Polymarket. Several claimed their wallets were created via Magic Labs and that they had not interacted with phishing emails or suspicious links. While Polymarket did not publicly name the provider, the episode echoes a late-2024 incident when users reported drained accounts after logging in via Google, highlighting ongoing risks tied to third-party authentication tools.

[etfs]

Even without phishing emails, accounts still getting hit shows the risk isn’t just user error