Binance and Polymarket Propose Polygon Hard Fork to Recover Stolen POL Tokens

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Binance and Polymarket have proposed a hard fork of Polygon to recover approximately 70.49 million stolen POL tokens, valued at about $6.8 million. The stolen tokens are linked to separate security incidents at Binance and Polymarket. The hard fork would move the stolen tokens from attacker-controlled addresses to verified recovery wallets designated by Binance and Polymarket, without altering the total POL supply. Polygon block producers have already prevented transactions from the affected addresses. Governance approval and testing on Polygon's Amoy testnet are required for activation. A discussion is scheduled for November 5, 2026. This event highlights ongoing security challenges in the crypto space but also demonstrates the community's ability to coordinate and potentially recover stolen funds through protocol-level changes. A successful recovery could bolster confidence in blockchain network security, while a failed implementation could undermine it.