Polycule Rug Pull Allegations Leave Users Stranded; Funds Remain Inaccessible

just_here_for_vibes · 2026-01-28T05:22:16+00:00

Polycule, a trading bot for Polymarket, is facing allegations of a rug pull following a security breach that left users unable to access their funds. With $230,000 at risk and no updates from the team, investors fear they may have been scammed. This incident highlights the risks of unaudited crypto projects.

just_here_for_vibes

2026-01-28 05:22:16

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Polycule, a trading bot built on Polymarket, is showing signs of executing what many believe to be a rug pull. According to PANews on January 12th, the project has become the center of a security crisis that has left users unable to access their investments. The incident has raised serious questions within the community about whether this was a coordinated exit scam or a genuine security breach.

What Happened to Polycule

Polycule positioned itself as a trading automation tool for Polymarket users, enabling them to execute strategies on the prediction market platform. The project gained traction among retail traders looking for enhanced trading capabilities. However, last Thursday before the January 12th announcement, the team disclosed a major security incident that would change everything for affected community members.

The Security Breach and Fund Loss

The Polycule team revealed that a hacker attack had compromised their system, with approximately $230,000 in user deposits at risk. In response, they took the bot offline and promised security patches and comprehensive code reviews to be completed by the weekend. However, weeks have passed with no tangible progress or public updates from the development team. This silence has fueled rug pull speculation among investors who fear their capital has been deliberately misappropriated rather than genuinely compromised.

Current Situation: A Community in Limbo

As of now, the situation remains unresolved. Users who deposited funds into Polycule are completely locked out of their accounts, unable to withdraw or access any of their capital. The team has provided no further communications, status updates, or recovery timelines. The absence of transparent communication combined with the frozen funds has created a crisis of confidence. For many in the community, the signs increasingly point toward a classic rug pull scenario—where developers artificially create urgency through a supposed attack, then disappear with user funds.

The Polycule incident serves as another cautionary tale in the cryptocurrency space, highlighting the risks associated with unaudited projects and the importance of due diligence before trusting third-party platforms with digital assets.

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