POL
−4.3%Polygon proposes a hard fork to recover stolen POL tokens
Image: AMBCryptoPolygon is considering a hard fork proposal to recover 70.49 million POL tokens stolen in security incidents involving Polymarket and Binance. The incidents occurred on October 29 and 30, involving 23.86 million POL linked to Polymarket and 46.63 million POL linked to Binance. Block producers previously added the attacker addresses to transaction blocklists as a temporary stopgap measure. The proposed network upgrade would zero out balances at five attacker-controlled addresses and credit verified recovery wallets.
Key points
- Polygon proposed a hard fork to recover 70.49 million stolen POL tokens.
- Block producers added the attacker addresses to transaction blocklists to prevent funds from moving.
- The proposal would zero out balances at five attacker-controlled addresses and credit recovery wallets.
Why it matters
The proposed network upgrade highlights how blockchains can consider consensus-level interventions to address major thefts when existing blocklist tools only freeze assets temporarily.
Price context · POL
At publication
$0.0946
Now
$0.0933
Change since
−1.46%
7 days · dashed line = publication
Sources · 3 publishers
CryptoPotato
Tier 2
Polygon Eyes Hard Fork to Recover 70.49 Million POL Stolen in Polymarket and Binance Hacks
AMBCrypto
Tier 2
Polygon eyes hard fork to recover $6.5 mln in stolen POL – But at what cost?
Coverage timeline
- First reported by The Defiant
- Also reported by CryptoPotato
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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