WritingPolygon Proposes $7M Hard Fork for Binance, Polymarket Funds
CryptoNews reports a proposed Polygon hard fork aimed at recovering stolen funds tied to Binance and Polymarket.
CryptoNews reports a proposed Polygon hard fork aimed at recovering stolen funds tied to Binance and Polymarket. POL (ex-MATIC) (POL) is trading at ₹9.4 ($0.0994), up 0.7% since this brief published. This is an original Token Times brief synthesising 2 outlets (CryptoNews, U.Today), plus live market data, as of Thu, 05 Nov 2026 10:15:02 UTC.
A chain-level recovery mechanism could place responsibility for reversing stolen assets on Polygon governance and users. The proposal remains preliminary, making its design and adoption the key issues to monitor.
- WritingPolygon proposed a $7 million Polygon hard fork for fund recovery.
- POL trades near $0.10, up 4.46% over 24 hours and 9.30% over seven days.
- Polygon TVL stands at $2.79 billion, while Polymarket TVL has fallen 13.5% weekly.
- The cited coverage describes a proposal, not an executed fork.
- Polygon weighs hard fork to recover 70.49 million stolen POL
- WritingPolygon Proposes $7M Hard Fork for Binance, Polymarket Funds — this brief
CryptoNews reports that WritingPolygon has proposed a $7 million hard fork for Polygon to recover stolen funds involving Binance and Polymarket. The proposal reportedly seeks to use a chain-level intervention as a recovery mechanism, but the available coverage does not provide further implementation details or indicate that a fork has been approved or carried out.
The plan emerged while POL hovered around $0.10, placing the token close to the $0.098682 live price. POL has gained 4.46% over 24 hours and 9.30% over the past seven days, with a market capitalization of $1.05 billion.
On-chain data from DeFiLlama shows Polygon’s total value locked at $2.79 billion, up 2.4% over seven days. By contrast, Polymarket’s TVL is $305.84 million and has declined 13.5% over the same period. The reported proposal connects the broader Polygon ecosystem to a recovery effort affecting Binance and Polymarket, although CryptoNews is the only outlet cited and no independent corroboration was provided.
The wider crypto market is broadly higher, with total market capitalization at $2.76 trillion and 
Bitcoin up 2.62% over 24 hours. The Fear & Greed Index stands at 50, categorized as Neutral. What matters next is whether the proposed $7 million recovery mechanism receives broader support and how its scope, funding and technical design are defined; the cited material does not establish that those details are settled.
Since this brief published about 1 hour ago, POL (ex-MATIC) (POL) has moved from ₹9.34$0.0987 to ₹9.40$0.0994 — +0.70%.
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 ≈ ₹10.49 (about $0.0994), up 4.3% over 24 hours. The rupee itself trades about 11.5% 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 5, 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.
WritingPolygon Proposes $7M Hard Fork for Binance, Polymarke — questions & answers
What did WritingPolygon propose for Polygon?
CryptoNews reports that WritingPolygon proposed a $7 million hard fork to recover stolen funds involving Binance and Polymarket.
Has the Polygon hard fork been approved?
No approval or execution is reported. The available coverage describes a proposal and does not provide evidence that a fork has occurred.
How are POL and Polymarket TVL performing?
POL is up 4.46% over 24 hours and 9.30% over seven days. Polymarket TVL is $305.84 million, down 13.5% weekly, according to DeFiLlama.
How much is 1 POL (ex-MATIC) worth in rupee today?
About ₹10.49 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.0994. 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 0.70% since this brief first published — trading at ₹9.4 ($0.0994) now versus ₹9.34 ($0.0987) 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 CryptoNews, U.Today, with the key figures cross-checked for agreement across them. 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.