“Bornotolate.th has been acculated over 1.3 Million uma tokens to attach a Ukraine-themed Market-but nobody have appeared to have Made Much Money.”, – WRITE: www.coindesk.com
UMA is a decentralized “Optimistic” Oracle Protocol that Resolves Dispetutes in Predict Markets by ALLOWING UMA TOKEN HOLDERS TO VETENTCOMES OUTCOMES. IT HAS FACED ITS Share of Controversy for Reselving Disprouted Markets, Such As Barron Trump’s Involvement in A Presidential Meme Coin, The Nature of ‘Finding’ The Oceangate Submarine, Anz. Criticism Due to Subjective Decisions that Freustrated Certain Market Participants.
On -chain Data Shows that bornotolate.th have approximately 1.3 Million uma tokens, Making them a Top-5 GOVERNANCE STAKER AND GIVING THEM SIGNIFICANT SWAY Over.
(Dune)
In the Case of this Ukraine-themed Market that was attacked, the Contract Asked Bettors to SPECAULATE ON THE POSSIMY OF A DEAL BEING SIGNED INVOLVING US ACOUNCESS TO THE COUNRESS
(Polymarket)
A Deal Is In The Works, Reports Say, But Nothing Has Been Signed. And Yet on Polymarket, It Reselved to ‘Yes’ After Borntoolate.th Used His Stake Uma Tokens to Pote ‘Yes’ On The Resolution.
A very unprofitable trading strategyCuriously, this attacn’t seem to have Netted a large Payday for any of the Participants.
Market Data from on -chain Curator Polymarket Analytics Shows that the Largest Winner from the Contract Took Home Just Over $ 55,000.
(Polymarket Analytics)
Likewise, The Losses Were Quite Moderate Compared to Other Closely-Watched Polymarket Contracts with The Biggest Loser Forfeiting Aound $ 73,000.
An Ethercan Page for Bornotolate.th Shows that the actor begining uma tokens over a year ago. Given their Holdings of Over 1.3 Million Tokens, Building that Sort of Treasury for the Attack Wuld Have Cost Over $ 2 Million.
For Its Part, Polymarket Says No Refunds Will Be Issued Because this isn’n a “Market Failure” and SAID IN A STATEMENT ON Discord It Is Working with The Usa.
“This Market Resolved Against of the Expectations of Our USers and Our Clarification,” A SPOKESSPERSON POSTED ON Discord. “We’re Committed to Building the Future of Prescription Markets, WHICH REQUIRS BUILDING Resilient Systems in Wholeone Can Trust.”
Polymarket Founder SHAYNE COPLAN DIDNN’T IMMEDIATELY Respond to a Request for Comment.
Correction (March 26, 11:12 UTC): CorRECTS Spelling of “Rogue” in Headline.
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