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Binance, Polymarket seek Polygon hard fork to recover $6.8M in stolen crypto
Binance and Polymarket seek Polygon hard fork to recover $6.8M stolen crypto.
Context
What happened: Binance and Polymarket proposed a Polygon hard fork to recover about 70.49 million POL tokens stolen in separate security incidents affecting the two platforms.
Key numbers: About 70.49 million POL, worth roughly $6.8 million. Polymarket: 23.86 million POL ($2.31 million) across four addresses.
Why it matters: Polygon block producers already froze the stolen tokens, but the proposal says those restrictions are temporary and cannot return funds to owners. The plan needs governance approval and Amoy testnet testing, with no confirmed mainnet date.
What changed
Binance and Polymarket proposed a Polygon hard fork to recover about 70.49 million POL tokens stolen in separate security incidents affecting the two platforms.
Why it matters
Polygon block producers already froze the stolen tokens, but the proposal says those restrictions are temporary and cannot return funds to owners. The plan needs governance approval and Amoy testnet testing, with no confirmed mainnet date.