Polygon wants to move 70 million POL without the wallet holders’ signatures

6 hours ago 2



Polygon's proposed recovery of roughly 70 million POL would move coins out of five hack-linked wallets without their holders signing a transfer. The plan would change balances through the network's rules, putting the authority to return stolen funds in the hands of governance and validators.The November 4 proposal targets five addresses it links to stolen funds from security incidents affecting prediction market Polymarket and exchange Binance. Its dated reference tables attribute about 24 million POL to four Polymarket-linked addresses and 47 million POL to one Binance-linked address. The actual recovery would use balances at activation, not these dated reference amounts.As of November 9, the published proposal still leaves the recovery fork's name, client release and activation block undecided. The November 5 governance agenda lists the proposal for discussion without recording approval. The separate Bor v2.11.0 release implements Uburu's StateReceiver changes, rather than this proposed recovery.Who can authorize Polygon’s recovery?Under the proposed design, the upgraded software would read each listed address's balance immediately before activation, set it to zero and credit the...

Read Entire Article









피플앤툴즈 네트워크
🛍 샵