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Polygon proposal would hard fork to clear and move about 70.49m stolen POL

NewsFeeds update

A Polygon community proposal would hard fork the PoS mainnet to zero out about 70.49m native POL in blocklisted attack addresses and transfer it to a designated recovery address, worth about $6.5m at 29 Oct prices. About 23.86m is linked to Polymarket and 46.63m to Binance, with total supply unchanged; it is due at a governance call at 14:30 UTC on 5 Nov.

AltcoinsOdailyAIBearish

Read the original on Odaily

The story so far: Polymarket frontend hack concerns

Polymarket users reported unauthorised withdrawals and a possible frontend hack; Bubblemaps says over 700 users lost about $2.7m via a third-party provider breach. An address suspected of the attack swapped funds into POL and moved about 28.64m POL. A Polygon proposal would hard fork PoS mainnet to zero out…

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  1. Polymarket users report unauthorised withdrawals and possible frontend hack

  2. PeckShield says Polymarket UI may be compromised and warns against interacting

  3. Suspected Polymarket attacker swaps $2.65m into POL and moves 28.6m tokens

  4. Bubblemaps says over 700 Polymarket users lost about $2.7m in theft

  5. X user daN'SKi says Polymarket requires signed agreement before refunds

  6. Polymarket says it will repay users hit by breach, with tiers for larger losses

  7. Polygon proposal would hard fork to clear and move about 70.49m stolen POL

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.