TechFlow News: On May 4, on-chain investigator ZachXBT replied that PolyArb is a fraudulent prediction market platform whose website contains a wallet-stealing script. Previously, PolyArb claimed on X that the Hyperliquid HIP-4 outcome market achieved $6.15 million in daily BTC trading volume within 48 hours. William LeGate, Head of User Growth, questioned PolyArb’s claims regarding Polymarket’s fee structure. ZachXBT warned that replying to related accounts could increase PolyArb’s visibility and potentially lead to more victims.
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