[Wu Blockchain News] Polygon Labs Member Proposes Hard Fork to Recover Approximately 70.49 Million POL Stolen from Polymarket and Binance

A Polygon Labs validator support team member has proposed a hard fork on the Polygon PoS mainnet to recover roughly 70.49 million POL, worth about $6.5 million at October 29 prices, stolen in two recent hacks involving Polymarket and Binance. Polymarket accounts for approximately 23.86 million POL of the total, with Binance responsible for about 46.63 million POL, and the funds are currently frozen from transfer by block-producing nodes. The proposal would move the attackers' POL balances to recovery addresses verified by both institutions without altering total token supply. The plan goes to discussion at the Polygon Protocol Governance Call on November 5, with client development and testnet rehearsals expected to take about two weeks if approved. The vote matters as a test of whether Polygon will use a chain-level intervention to make victims whole rather than rely on protocol-level freezing alone.