Polygon proposal seeks to unlock 70 million POL without holder signatures
A proposed Polygon fork would use ownership evidence, later deposits and exchange accounting to recover stolen tokens.
A proposed Polygon fork would use ownership evidence, later deposits and exchange accounting to recover stolen tokens. POL (ex-MATIC) (POL) is trading at ₹8.39 ($0.0892), up 1.6% since this brief published. This is an original Token Times brief based on reporting by CryptoSlate, with live market data added, as of Mon, 09 Nov 2026 12:45:01 UTC.
The proposal introduces an alternative recovery mechanism for stolen POL, potentially reducing holders’ need to sign transactions. Its implications depend on the fork’s technical rules and adoption, which the supplied coverage does not detail.
- CryptoSlate reports a proposed fork involving 70 million POL.
- Ownership proofs, later deposits and exchange accounting would underpin the recovery design.
- POL trades at $0.087824, down 2.49% over 24 hours.
- Polygon TVL stands at $2.68 billion, according to DeFiLlama.
- Polygon weighs hard fork to recover 70.49 million stolen POL
- Polygon proposal seeks to unlock 70 million POL without holder signatures — this brief
CryptoSlate reports that Polygon is considering a fork that would allow the movement of 70 million POL without signatures from the wallet holders controlling those assets. The proposal is presented as a mechanism for returning coins that were stolen, rather than as a routine treasury transfer.
Under the approach described by CryptoSlate, ownership proofs would help establish who is entitled to the affected tokens. Later deposits and exchange accounting would also form part of the recovery process, connecting the proposed fork to on-chain records and balances maintained by trading venues.
The supplied coverage is limited to CryptoSlate and does not provide a vote date, implementation timetable or detailed fork specification. It also does not identify the theft, affected wallet addresses or which exchanges would be involved. As a result, the available facts establish the proposed recovery framework but leave its scope and operational readiness unclear.
Live market data show broader caution around the report. POL, the token formerly represented by MATIC, is priced at $0.087824 and is down 2.49% over 24 hours and 1.34% over seven days. Its market capitalization is $935.04 million. DeFiLlama places Polygon’s total value locked at $2.68 billion, down 0.2% over seven days, while the overall crypto market capitalization stands at $2.54 trillion. 
Bitcoin fell 2.31% over 24 hours, and the Fear & Greed index registered 29, indicating a Fear reading.
Since this brief published about 3 hours ago, POL (ex-MATIC) (POL) has moved from ₹8.26$0.0878 to ₹8.39$0.0892 — +1.60%.
The chart plots POL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 POL ≈ ₹8.92 (about $0.0892), down 0.6% over 24 hours. The rupee itself trades about 6.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 9, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Polygon proposal seeks to unlock 70 million POL without hold — questions & answers
What does Polygon’s proposed fork seek to change?
It would provide a way to move 70 million stolen POL without requiring signatures from the wallet holders, according to CryptoSlate.
Which mechanisms would support the proposed recovery?
CryptoSlate says ownership proofs, later deposits and exchange accounting would be central to determining and returning the affected coins.
What market data accompany the proposal?
POL is at $0.087824, down 2.49% over 24 hours, while Polygon TVL is $2.68 billion according to DeFiLlama.
How much is 1 POL (ex-MATIC) worth in rupee today?
About ₹8.92 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.0892. The rupee price moves with both POL's US-dollar price and the USDT/INR rate; use our POL (ex-MATIC) in rupee page for any amount.
Has POL (ex-MATIC)'s price moved since this brief was published?
POL is up 1.60% since this brief first published — trading at ₹8.39 ($0.0892) now versus ₹8.26 ($0.0878) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.