Hacking News
Polygon Proposes Hard Fork to Recover $6.5M POL Theft
Polygon, a blockchain network, has proposed a hard fork to recover approximately 70.49 million stolen POL tokens. The theft occurred in two separate security incidents involving Polymarket and Binance. Polygon’s proposal aims to address the theft by freezing the stolen funds and redistributing them to recovery wallets approved by Polymarket and Binance. The hard fork would change network rules at a specific block height, making balances in the attacker-controlled wallets zero and transferring equivalent token amounts to the recovery wallets. The proposal has sparked intense discussion in the crypto sector.