Binance and Polymarket have proposed a hard fork of the Polygon network to recover approximately 70.49 million POL tokens, worth about $6.8 million, stolen in separate security incidents affecting both platforms.
The proposal targets five attacker-controlled addresses. Binance’s breach on Oct. 29 resulted in the theft of 46.63 million POL tokens, valued at $4.51 million, held in a single address. Polymarket’s incident involved the compromise of a third-party provider, leading to the theft of 23.86 million POL tokens across four addresses, worth $2.31 million.
Polygon block producers have already frozen the stolen tokens as a temporary measure. The hard fork would remove the tokens from the five addresses and transfer them to recovery wallets without altering POL’s total supply, according to reporting on the proposal.
The governance discussion is scheduled for Nov. 5, 2026. Before any mainnet activation, the proposal requires approval through Polygon’s governance process and testing on the network’s Amoy testnet. No confirmed date for mainnet hard fork activation has been set.
Binance’s Oct. 29 hack was significantly larger in scope. The exchange reported a total loss of $6.3 billion in that incident, though the hard fork proposal addresses only the 46.63 million POL tokens component of that breach.
Polymarket suspended trading following the discovery of the third-party provider compromise. The platform has not disclosed additional details about the nature of that compromise or the full scope of its impact beyond the POL token theft.
