Polygon PoS developers proposed resetting balances of five addresses tied to recent hacks and reallocating the recovered tokens to exchange wallets.

Proposal summary

The draft calls for adjusting balances through a network upgrade that preserves the overall POL supply and redirects funds to custodial addresses.

Specifically, the change would transfer 70.49 million POL to exchange-controlled wallets, representing roughly $6.5 million at the time of the incidents.

Current state of the stolen funds

Targeted addresses have been frozen, which prevents outgoing transactions but does not restore asset ownership to victims or recover balances.

The proposed fork aims to modify on-chain balances directly, effectively nullifying the stolen holdings while keeping total token supply unchanged.

Rationale and scope

Authors of the proposal describe the measure as exceptional and limited to the two specific hacking events under review by the community and developers.

The plan limits balance changes to the identified five addresses and routes the resulting tokens to custodial wallets intended for asset recovery or further disposition.

Implementation and governance

Implementing the change would require coordinating a protocol update across Polygon PoS validators and node operators according to established upgrade procedures.

Community discussion and formal approval processes are expected before any fork is scheduled, and technical details would be published for review.

The proposal does not alter total POL supply and focuses narrowly on reversing the effects of the two recent breaches, pending governance decisions.