Polygon to propose hard fork to recover 70.5 million stolen POL tokens

Polygon to propose hard fork to recover 70.5 million stolen POL tokens
Polygon to propose hard fork to recover 70.5 million stolen POL tokens

Initiative to recover stolen assets

The Polygon team has decided to take extraordinary measures. The project has proposed forcibly moving approximately 70.5 million POL tokens, valued at around $6.5 million, from blocked malicious addresses to the wallets of Binance and Polymarket exchanges.

Technical implementation and nature of the measure

Implementing this plan requires a protocol update via a hard fork. The initiators of the initiative emphasise that this step is an exceptional and one-off measure, aimed at returning the stolen funds to their owners.

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