Crypto sleuth ZachXBT warned Sunday that Polyarb is a fake prediction market platform running an active wallet drainer. The scam is spreading through prominent crypto accounts replying to its posts, putting users at immediate risk.
The False Front
Polyarb isn't a real prediction market. It's a scam designed to steal funds from crypto users' wallets. When victims interact with the platform, it drains their holdings instantly. No legitimate trading happens here.
Social Media Amplification
Well-known crypto accounts boosted Polyarb's reach by replying to its posts. This made the scam appear credible to their followers. The replies caused rapid spread across social media feeds. Users clicked without suspicion, trusting those prominent voices.
ZachXBT's warning landed as the drainer remains active Sunday evening. The platform hasn't been taken down. Prominent account engagement means more users could fall victim fast. This isn't the first scam to exploit social proof, but the speed matters.
Next Steps
Users should avoid all Polyarb links immediately. The platform is still operational as of Sunday night. No exchanges have announced countermeasures, but ZachXBT's alert may trigger takedown requests soon.
