$POL: A hard fork could return 70.5 million tokens—but would it set a dangerous precedent?
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On the evening of October 29, Polymarket and Binance were both hit: around 70.49 million $POL was sent to five addresses (23.86 million after Polymarket, 46.63 million after Binance). Tether froze the USDT, but POL has no issuer that could do the same.
For now, the addresses have simply been added to validators’ blocklists. On November 4, Binance and Polymarket proposed a hard fork: zero out the attackers’ balances and credit the same amounts to recovery addresses. The POL supply would not change. That’s around 0.66% of the circulating supply (~$6.6 million at a price of ~$0.093).
What will change the picture: the outcome of the vote and the activation date. Neither has been set yet, and warnings about the risk of legal demands against the network have already appeared on the forum.
Is it acceptable to rewrite balances to recover stolen funds—or should a network without a central issuer remain immutable, even when major players are affected?
#POL #BTC #INJ
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On the evening of October 29, Polymarket and Binance were both hit: around 70.49 million $POL was sent to five addresses (23.86 million after Polymarket, 46.63 million after Binance). Tether froze the USDT, but POL has no issuer that could do the same.
For now, the addresses have simply been added to validators’ blocklists. On November 4, Binance and Polymarket proposed a hard fork: zero out the attackers’ balances and credit the same amounts to recovery addresses. The POL supply would not change. That’s around 0.66% of the circulating supply (~$6.6 million at a price of ~$0.093).
What will change the picture: the outcome of the vote and the activation date. Neither has been set yet, and warnings about the risk of legal demands against the network have already appeared on the forum.
Is it acceptable to rewrite balances to recover stolen funds—or should a network without a central issuer remain immutable, even when major players are affected?
#POL #BTC #INJ