EL7.AI
CryptoMedium•5 November 2026•
1 min read

Polygon Proposes Hard Fork to Recover $6.5M in Stolen POL Tokens

Key Facts

1Polygon is considering a hard fork proposal to recover 70.49 million POL tokens stolen during the Binance and Polymarket hacks.

Polygon is considering a governance proposal to execute a hard fork aimed at recovering 70.49 million POL tokens stolen during security breaches at Binance and Polymarket. According to crypto.news, the network upgrade would programmatically transfer the stolen assets, valued at approximately $6.5 million, from five blocked addresses into designated recovery wallets for the affected platforms.

The proposal covers 46.63 million POL linked to Binance and 23.86 million POL associated with Polymarket, following the initial restriction of these addresses by Polygon block producers. This recovery plan is scheduled for discussion during the Polygon Protocol Governance Call on November 5, 2026, as the move requires community consensus due to its implications for network immutability and decentralization.