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Polygon proposes hard fork to recover $6.5M in stolen POL tokens from Binance and Polymarket hacks

Protocol Fundamentals
05 Nov 2026, 06:39 WIB
Crypto news
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Polygon proposes hard fork to recover $6.5M in stolen POL tokens from Binance and Polymarket hacks

Polygon Labs validator team member proposed a hard fork to recover about 70.49 million POL tokens worth $6.5 million stolen in separate Binance and Polymarket security incidents. The plan would transfer blocked POL from five addresses to verified recovery wallets without increasing total supply. The proposal will be discussed on November 5, with development and testing expected to take about two weeks if approved. This recovery aims to return stolen funds that remain blocked after prior transaction restrictions but requires a blockchain rule change, posing a potential chain-split risk.

Polygon's proposed hard fork to recover stolen tokens is context for readers. For those tracking major cryptocurrencies on Pluang, 46 of 50 rose today. Notable movers include CAKE at Rp36.244 (+8.63%), ETH at Rp44.176.000 (+8.36%), and THETA at Rp2.882 (+8.35%), as of Nov 05, 2026 10:41 WIB.

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