{
  "id": 18262854,
  "title": "Binance, Polymarket seek Polygon hard fork to recover $6.8M in stolen crypto",
  "url": "https://urgent.news/2026/11/05/binance-polymarket-seek-polygon-hard-fork-to-recover-6-8m-in-stolen",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T06:02:29.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/polygon-hard-fork-binance-polymarket-6-8m-hack-recovery"
  },
  "original_language": "en",
  "account": "Polygon block producers have frozen stolen tokens, but a hard fork is proposed to recover and return the funds to their rightful owners. Binance and Polymarket have proposed a hard fork on the Polygon network to recover around 70.49 million POL tokens, valued at approximately $6.8 million, stolen in separate security incidents. The recovery would involve recovering 23.86 million POL, worth $2.31 million, linked to four addresses in Polymarket's hack and 46.63 million POL, worth $4.51 million, associated with one address in the Binance hack. The plan involves removing the stolen tokens from the five attacker-controlled addresses and transferring them to verified recovery wallets designated by both platforms. The hard fork would occur at a predetermined block without altering POL's total supply. Polygon block producers have already blocked transactions from affected addresses, but this is a temporary measure that cannot directly return the funds to their owners. The proposal requires governance approval and testing on Polygon's Amoy testnet before activation, with a scheduled discussion on November 5, followed by a potential date for the mainnet hard fork. This proposal comes in the wake of Binance's $6.3 billion hack on October 29 and Polymarket's temporary trading suspension due to a compromised third-party provider.",
  "summary": "Polygon block producers have already frozen the stolen tokens, but a proposed hard fork would allow the funds to be recovered and returned to their owners.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Crypto dips on Democrat midterm wins, Binance hack dent optimism",
        "url": "https://urgent.news/2026/11/04/crypto-dips-on-democrat-midterm-wins-binance-hack-dent-optimism-18089639",
        "published": "2026-11-04T07:36:32.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Crypto dips on Democrat midterm wins, Binance hack dent optimism",
        "url": "https://urgent.news/2026/11/04/crypto-dips-on-democrat-midterm-wins-binance-hack-dent-optimism",
        "published": "2026-11-04T07:36:42.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Crypto dips on Democrat midterm wins, Binance hacks dent optimism",
        "url": "https://urgent.news/2026/11/04/crypto-dips-on-democrat-midterm-wins-binance-hacks-dent-optimism",
        "published": "2026-11-04T08:23:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}