Polygon Community Proposes Hard Fork to Recover About 70.49 Million POL

TechFlow reported on November 5 that, according to a proposal on the Polygon community forum, community members propose transferring native POL from five blocked attack addresses to recovery addresses designated by Polymarket and Binance via a Polygon PoS mainnet hard fork.

The proposal states that these addresses hold approximately 70.49 million POL, of which about 23.86 million POL are related to the Polymarket incident and about 46.63 million POL are related to the Binance incident. The proposed operation would zero out the balances of the relevant addresses and credit an equivalent amount of tokens to the recovery addresses, leaving the total supply unchanged.

The plan requires approval through Polygon governance procedures, and the activation block and client version are yet to be determined. The proposal is scheduled to be presented at the protocol governance meeting on November 5 at 22:30 Beijing Time.

Source: TechFlow