Polygon Plans Hard Fork to Seize $6.5 Million From Polymarket and Binance Hackers

Polygon developers have taken a step that has long been considered an absolute taboo in the crypto community. They put to a vote a plan to rescue Binance and Polymarket money, and this plan is, to put it mildly, radical — forcibly zeroing out the hackers’ wallets at the protocol level. In essence, the industry is being faced with an uncomfortable choice: save systemic players or protect the inviolability of Web3’s main rule that transactions cannot be reversed. The Polygon PoS hard fork involves seizing 70.49 million POL tokens ($6.5 million at the time of the attack) from the hacker addresses to return them to the victims. The crisis unfolded at the end of October after two independent hacks.

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