Polygon’s proposed native POL recovery
On-chain events · · Ketju Research
Affects: Polygon Bridge (protocol)
What happened
Polygon contributors proposed a fork on November 4, 2026, to recover about 70.49M POL attributed to the Polymarket and Binance incidents.
What changed
Validators would move native balances from 5 listed addresses to designated recovery addresses without holder signatures.
What did not change
The proposal preserves total supply and leaves bridge contracts unchanged.
Confirmed
- The proposal requires governance approval and testing on Amoy.
- The proposers require proof that recipients control the recovery addresses.
Still open
- Governance has not established approval, activation timing or a final client release.
- The reported balances remain subject to verification before activation.
What it means for an advisor
- Ketju should review the Polygon Bridge memo’s validator-dependency analysis for forced balance changes and potential chain splits.
Sources
- Polygon native POL recovery proposal · Polygon governance ·
Version 1, published . We check this event again on . Educational research. Not investment advice.