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

The proposal targets native POL only, leaving Binance's already-frozen USDT untouched. 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. Following requests from the affected platforms, all validator-elected block producers added the identified addresses to their Bor transaction block lists. While this stopped the funds from moving, Polygon describes the arrangement as a stopgap rather than a permanent solution. The block lists are read only when a block producer starts up, ...