Binance and Polymarket Propose Polygon Hard Fork To Recover About $6,500,000 in Hacked Crypto

Crypto exchange giant Binance and prediction markets platform Polymarket want the Polygon (POL) network to move about 70 million tokens out of the hands of the hackers who stole them late last month. The two firms have filed a Polygon Improvement Proposal for a one-time hard fork that would set the POL balances in five attacker-controlled addresses to zero and credit the same amounts to recovery wallets the companies control, the proposal says . The five addresses hold about 70.49 million POL, worth roughly $6.5 million at the October 29th price used in the proposal. About 23.86 million POL sits in four addresses tied to the Polymarket hack on October 29th, while about 46.63 million POL sits in one address tied to the Binance hack that hit late the same…

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