Polygon weighs hard fork to recover 70.49 million POL

Polygon is considering a hard fork intended to recover 70.49 million POL connected to the Binance and Polymarket hacks, according to Crypto.news and Cryptopolitan. The tokens are frozen in attacker-controlled addresses, and the reported value of the amount is approximately $6.5 million. Under the proposal described by Cryptopolitan, a chain-wide fork would move the frozen POL from those addresses to wallets associated with Binance and Polymarket. Crypto.news says discussion of the proposal is scheduled for Nov. 5. The coverage presents the hard fork as a proposal under consideration rather than a completed or approved network change. The recovery effort brings the two hacks and the affected platforms into a single governance process. The machine figure cross-check corroborates the $6.5 million valuation across both Crypto.news and Cryptopolitan, while both also identify the proposed quantity as 70.49 million POL. No conflicting amount was reported by either outlet. Polygon’s wider on-chain activity provides context for the proposal. DeFiLlama lists Polygon’s total value locked at $2.79 billion, up 2.7% over seven days. Polymarket’s TVL is listed at $316.51 million, down 15.3% over the same period. The overall crypto market capitalization is $2.76 trillion, with the broader market broadly higher and Bitcoin up 4.12% over 24 hours. POL itself is trading at $0.096722, up 5.18% over 24 hours and 7.87% over seven days, with a $1.03 billion market capitalization. The immediate significance is the mechanism: the proposal seeks to use a hard fork rather than a routine transaction to redirect frozen assets. The next governance discussion on Nov. 5 is the key checkpoint for whether the proposal advances, and the available coverage does not establish the final vote or implementation schedule.