Polygon Proposes a Hard Fork to Recover $6.8 Million in Stolen Funds
2026-11-05 14:14:26
According to CoinMeta, the block producers of the Polygon network have frozen the stolen tokens. The proposed hard fork plan will allow for the recovery of approximately 704,900 POL tokens, valued at around $6.8 million, which were stolen in security incidents involving Binance and Polymarket. According to the governance proposal from Wednesday, the recovered funds will include 23.86 million POL tokens (valued at about $2.31 million) and 46.63 million POL tokens (valued at about $4.51 million), which are related to hacker incidents involving Polymarket and Binance respectively. The proposal requires governance approval and will be tested on the Amoy testnet of Polygon. A discussion is scheduled for November 5th.
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Source:Cointelegraph
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