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Polymarket

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Binance and Polymarket want about 70.49 million stolen POL tokens to be moved from five attacker wallets that have been frozen to wallets that they control. Polygon would have to change its software for this to take place.
They want a hard fork, which changes the network’s software and rules.
The proposal was drafted by the affected companies and published on the Polygon Community Forum by Polygon Labs’ validator support team on Nov. 4. Validators run the network and vote on such major changes.
The frozen POL tokens are worth about $6.5 million, based on POL’s Oct. 29 price of $0.0924 per token. The plan will be presented on Polygon’s Protocol Governance Call on Nov. 5 at 14:30 UTC.
<h3 id="span-style-font-weight-400-a-hard-fork-could-empty-the-five-attacker-wallets-span">A hard fork could empty the five attacker wallets</h3>
The fork would begin at a certain block number that would be chosen ahead of time. When the network hit that block, the new software would take all POL out of the five attacker wallets and add the same amount to the Polymarket and Binance recovery wallets.
There are four wallets with about 23.86 million POL left over from the Polymarket hack. The fifth is linked to Binance and has about 46.63 million POL in it.
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://www.cryptopolitan.com/wp-content/uploads/2026/11/2026-11-04-binance-polymarket-reclaim-blocked-pol-fork-01.png" alt="Binance and Polymarket could reclaim $6.5M in blocked POL via fork." width="758" height="570">
 <figcaption>
 Polymarket’s four blocked addresses and their POL balances at block 96,399,251, from the recovery proposal posted on the Polygon <a href="https://forum.polygon.technology/t/pip-proposal-recovery-of-funds-held-in-blocked-addresses-following-the-polymarket-and-binance-incidents/22497" rel="noopener noreferrer nofollow">forum</a> on November 4, 2026.
 </figcaption>
</figure>
Before the hard fork, Binance and Polymarket have to show Polygon Labs that they own the recovery wallets and confirm this in writing.
The POL tokens were stolen on Oct. 29. The companies asked the four block producers to add the attackers’ wallets to a list of blocked wallets.
Block producers only check the blocked-address list when they restart their software. This means that the software has to be restarted every time a new address is added.
The proposal stated that the attacker keeps trying to move the coins. On Oct. 30, a pending transaction offered a fee of about 219,450 POL, which was about $20,000 at the price on Oct. 29.
The hacker has also offered money to validators to help a transaction get past the block list.
<h3 id="span-style-font-weight-400-polygon-governance-must-approve-the-software-change-span">Polygon governance must approve the software change</h3>
On Oct. 29, hackers broke into an outside <a href="https://www.cryptopolitan.com/polymarkets-security-troubles-far-from-over/" rel="noopener noreferrer nofollow">script</a> and attacked traders while they were logged in. As a result, Polymarket changed its international platform so that traders could only cancel orders. It reopened trading on the same day and promised users refunds.
The Binance hack is much worse compared to the Polymarket attack. <a href="https://www.cryptopolitan.com/binance-hack-largest-crypto-hack-history/" rel="noopener noreferrer nofollow">Cryptopolitan</a> reported that the exchange put the damage at about $6.3 billion, which makes it the biggest hack in the history of crypto.
The hard fork proposal authors think that about two weeks is workable to build the new software and test it on Polygon’s test network, Amoy, if the plan is approved.
The fork will only happen if Polygon governance approves it and both companies’ reports of incidents stay public and match what’s written on the blockchain.
The proposal says that the hard fork is an extreme step that “should not be reproduced commonly.”
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Polygon hard fork could hand 70.49M frozen POL back to Binance and Polymarket

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