Polygon proposes a hard fork to recover 70.49 million POL stolen in the Polymarket and Binance hacking incidents.
According to CryptoPotato, the proposal targets only native POL; USDT frozen by Binance is outside its scope. In other words, the assets covered by the fork are limited to native tokens on-chain, while stablecoins already under the exchange’s control will be handled through a separate process.
· The two types of assets involved in the same incident are being handled separately: POL at the protocol layer, and USDT remaining frozen on the exchange.
· The report did not disclose the proposal’s voting progress or implementation timeline.
If only native POL is recovered, who do you think should decide what happens to the frozen USDT?
According to CryptoPotato, the proposal targets only native POL; USDT frozen by Binance is outside its scope. In other words, the assets covered by the fork are limited to native tokens on-chain, while stablecoins already under the exchange’s control will be handled through a separate process.
· The two types of assets involved in the same incident are being handled separately: POL at the protocol layer, and USDT remaining frozen on the exchange.
· The report did not disclose the proposal’s voting progress or implementation timeline.
If only native POL is recovered, who do you think should decide what happens to the frozen USDT?
