Polygon Proposal Seeks Hard Fork to Recover 70.49 Million POL
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Polygon has introduced a governance proposal for a hard fork to recover 70.49 million POL tokens linked to the Polymarket and Binance incidents, with the funds directed to recovery wallets without altering POL's total supply. The proposal targets tokens affected by the two incidents and would require a network upgrade to execute the recovery. The move matters because it aims to return stranded assets to users while preserving POL's supply cap, avoiding dilution. What to watch next is whether POL holders approve the hard fork through governance and how quickly the recovery wallets are funded once enacted.
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Named in this story
POL (POL), Polygon (POL), Polymarket, Binance
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