Polygon Eyes Hard Fork to Recover 70.49 Million POL Stolen in Polymarket and Binance Hacks

Polygon is considering a hard fork proposal that would move around 70.49 million POL stolen in separate security incidents involving Polymarket and Binance back to recovery wallets designated by the two platforms. The proposal calls for Polygon PoS validators to approve a coordinated network upgrade that would set the balances of five attacker-controlled addresses to zero and credit the same amounts to verified recovery addresses. The funds are currently blocked from moving, but Polygon said the existing block list does not provide a way to return them to their rightful owners. New Hard Fork Proposal The incidents took place on October 29 and 30, with roughly 23.86 million POL linked to the Polymarket incident and another 46.63 million POL connected to Binance.

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