Polygon proposed a major network upgrade to recover approximately 70.49 million POL tokens, worth around $6.5 million, stolen in two security incidents involving Polymarket and Binance in October 2026. The mechanism would reduce the five attacker-controlled wallets’ balances to zero and credit the same amounts to recovery addresses verified by the compromised companies. Block producers have already added these addresses to a transaction blocklist, preventing the funds from moving without returning them to their rightful owners. If approved, the changes will first be tested on the Amoy test network and then deployed on the mainnet after validators, exchanges, and node operators update their software. This extraordinary consensus-level intervention nevertheless raises questions about decentralization and users’ ownership rights.
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