Polygon wants to move 70 million POL without the wallet holders’ signatures
Polygon’s November 4 proposal would recover about 70 million POL from five wallets linked to Polymarket and Binance security incidents by changing balances through a network software upgrade, without signatures from the source wallets. The proposed rule would zero each wallet’s balance at activation and credit the same amount to company-designated recovery addresses, preserving total supply and prior chain history. As of November 9, the proposal had not been approved, and its fork name, software release and activation block remained undecided. Governance, validators and Polygon Labs would have roles in approving the change and verifying recipients. The proposal flags risks including misidentified addresses, later deposits being swept, and accounting discrepancies for exchanges and explorers. Testing, balance checks and publication of verification records are planned; customer refunds remain separate from the recovery.
