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A member of Polygon Labs’ Validator Support Team has proposed a hard fork on the Polygon PoS mainnet to recover approximately 70.49 million POL stolen from Polymarket and Binance. The proposal was published as a Polygon Improvement Proposal.
Why it matters
The proposal would use a mainnet hard fork as part of an effort to recover stolen funds. That puts the response to this incident before the Polygon community as a protocol-level change, rather than only an action by the affected platforms.
The seed does not specify how the proposed recovery would work or whether validators have approved it. Those questions matter because a hard fork would change the network’s rules, and the proposal comes from a member of the validator support team rather than being described as an adopted decision.
Market impact
The proposal directly concerns approximately 70.49 million POL, linking a security incident to a potential change on Polygon PoS. It does not establish that the funds have been recovered or that a hard fork will proceed.
For POL holders and network participants, the key development is whether the proposal advances and how validators respond. Until then, the recovery remains a proposal, not a completed outcome.
Frequently asked questions
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How much POL does the proposal aim to recover?
It aims to recover approximately 70.49 million POL described as stolen from Polymarket and Binance.
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Who proposed the Polygon PoS hard fork?
A member of Polygon Labs’ Validator Support Team published the proposal as a Polygon Improvement Proposal.
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Would the proposed recovery involve a Polygon network change?
Yes. The proposal calls for a hard fork on the Polygon PoS mainnet as part of the recovery effort.
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Have the stolen funds been recovered?
The proposal does not establish that the funds have been recovered. It describes a suggested recovery approach.
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Has Polygon approved the hard fork?
The item describes a proposal, not an approved hard fork. It does not report a decision by Polygon validators.
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