Polygon The community proposes recovering approximately 70490000 stolen tokens through a hard fork POL
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AT A GLANCE
Polygon The community proposes using a hard fork to handle approximately 70490000 stolen tokens POL, but the plan has not yet been finalized.
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Polygon Proposal to recover approximately 70490000 stolen tokens through a hard fork POL
PANews November 5 According to a message,Polygon an improvement proposal disclosed on a community forum (PIP) proposes using a Polygon PoS mainnet hard fork to zero out approximately 70490000 native POL(at approximately October 29 approximately 0.0924 USD valued at approximately 6500000 USD) held by attack addresses placed on the blocklist and transfer them to a designated recovery address; of this amount, approximately 23860000 tokens are related to Polymarket and approximately 46630000 tokens are related to Binance. The total supply would remain unchanged. The proposal is scheduled to be presented at the protocol governance meeting on November 5 Beijing time 22: 30; the activation block and client version remain undetermined.
Polygon An improvement proposal disclosed on a community forum recommends using a Polygon PoS mainnet hard fork to handle approximately 70490000 stolen tokens POL。
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The proposal would zero out the POL held by attack addresses on the blocklist and transfer them to a designated recovery address.
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Of this amount, approximately 23860000 tokens are related to Polymarket, and approximately 46630000 tokens are related to Binance.
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At October 29 approximately 0.0924 USD approximately 70490000 tokens POL valued at approximately 6500000 USD。
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The proposal states that the total supply would remain unchanged.
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The proposal is scheduled to be presented at the protocol governance meeting on November 5 Beijing time 22: 30; the activation block and client version remain undetermined.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is still a proposal under discussion: if advanced later,POL held by specific attack addresses would be zeroed out and transferred to a recovery address; this is not an already completed recovery action.
Why it matters to readers
The plan concerns the handling of stolen assets, a protocol hard fork, and the governance process; the proposal states that the total supply would remain unchanged.
A hard fork is an upgrade to blockchain rules that typically requires relevant participants to adopt new software versions.
Risks and unknowns
It remains unclear whether the proposal will receive support.
The activation block and client version have not yet been determined.
The evidence does not indicate any subsequent formal governance or upgrade process.
Related Developments
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Related concepts
Hard Fork
A protocol change that is not backward-compatible and may cause the blockchain to split into two independently operating paths if there is disagreement.
