Polygon Proposal: Hard fork to recover approximately 70.49 million stolen POL
Nov 5, 2026 04:16:56
According to the improvement proposal (PIP) disclosed by the Polygon community forum, a member proposed to zero out approximately 70.49 million native POL (approximately 6.5 million USD at about 0.0924 USD on October 29) from the addresses on the blacklist through a hard fork of the Polygon PoS mainnet and transfer it to a designated recovery address. Among these, approximately 23.86 million are related to Polymarket, and approximately 46.63 million are related to Binance, with the total supply remaining unchanged.
The proposal is scheduled to be introduced at the protocol governance meeting on November 5 at 22:30 Beijing time, with the activation block and client version to be determined.