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Polygon Proposal Seeks Hard Fork to Zero Out 70.49M Stolen POL

A Polygon community proposal would use a Polygon PoS mainnet hard fork to zero out roughly 70.49 million native POL held in blocklisted attacker addresses and transfer it to a designated recovery address, worth about $6.5 million at Oct. 29 prices. Polymarket-related addresses account for about 23.86 million POL and Binance-related addresses about 46.63 million; total supply would remain unchanged. The proposal is set to be presented at a protocol governance call on Nov. 5 at 22:30 Beijing time, with the activation block and client version still undetermined.

Original source

AI take

A hard fork to zero out attacker-held POL is a forceful precedent for a major chain: it treats a blocklist as something enforceable at the protocol level, not just at the bridge or exchange layer. The concentration of affected addresses on Polymarket and Binance links the recovery to the venues where the funds landed, so the governance debate will likely turn on legitimacy and process as much as on the theft itself. The open questions are whether the proposal advances past the Nov. 5 call and whether the still-undetermined activation block and client version become a source of contention.

Generated by AI for reference only.

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