Polygon weighs hard fork to recover 70.49 million POL

Polygon is considering a targeted hard fork to transfer about 70.49 million POL from five blocked addresses into recovery wallets verified by Binance and Polymarket. The proposal would move balances linked to separate security incidents without changing POL’s total supply, but it has not been approved and no activation block or mainnet date has been set. The proposed transfer covers about 23.86 million POL across four addresses associated with Polymarket and 46.63 million POL in one address linked to Binance. The combined tokens were valued at roughly $6.5 million using October 29 prices; another estimate, based on November 4 market rates, put their value at about $6.8 million. A member of the Polygon Labs Validator Support Team submitted the proposal, which is scheduled for discussion at Polygon’s Protocol Governance Call on November 5 at 14:30 UTC. If governance approves it, client development and a rehearsal on the Amoy testnet are estimated to take about two weeks. The proposal does not specify an activation block or a mainnet release date. Under the plan, the network would set the balances of the five listed addresses to zero at a designated block and credit equal amounts...