Arca-Linked Wallet Loses $100,000 on Polymarket

According to Odaily, Arkham monitoring has reported that a wallet suspected to be linked to Arca incurred a loss of $100,000 on Polymarket this morning. The Polymarket wallet had previously received deposits from an Arca wallet and was signed by the Arca wallet. The funds were used to purchase $100,000 worth of 'YES' shares in the 'Will Microstrategy sell BTC before May 31?' market at an average price of 0.5 cents. This market settled at 0.