Polygon Labs Member Proposes Hard Fork to Recover 70.49…

AI summary of the source article

A Polygon Labs contributor has proposed a coordinated hard fork of the Polygon Proof-of-Stake network to recover approximately 70.49 million POL tokens stolen in security breaches affecting Binance and Polymarket.

Why it matters

The proposal argues that "maintaining wallet restrictions indefinitely creates operational risks because block producers must continue enforcing their transaction block lists" and notes that "the decision will test how its governance framework balances asset recovery against the principle that blockchain transactions should remain irreversible."

Key facts

• The proposal seeks to recover roughly 70.49 million POL tokens, valued at about $6.5 million, from five attacker-controlled addresses.
• The hard fork would execute a network-level state change to transfer tokens to designated recovery wallets without changing total POL supply.
• Block producers have already restricted transactions from the five addresses, but returning the funds requires governance approval and validator software upgrades.