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#crypto hack recovery

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Polygon Proposes Hard Fork to Recover $7M Stolen from Binance and Polymarket
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Polygon Proposes Hard Fork to Recover $7M Stolen from Binance and Polymarket

Key Highlights: A proposed Polygon Improvement Proposal (PIP) seeks to recover over 70 million stolen $POL tied to late-October security incidents involving Polymarket and Binance. The proposal plans to zero out five blacklisted exploiter addresses and credit matching funds to verified recovery accounts without altering the total supply of $POL. Polygon validators and developers will ...

Allora Freezes Stolen ALLO Tokens and Begins Full Binance Recovery
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Allora Freezes Stolen ALLO Tokens and Begins Full Binance Recovery

Key Highlights: Binance set aside over $6.34 billion to cover affected assets and started acquiring missing tokens following an exploit of Ethereum’s EIP-7702 authorization standard. Major industry partners aided recovery efforts by freezing roughly $3 billion, including Tether locking over $1.567 billion in USDT and Circle freezing more than $800 million in USDC. Binance co-CEO ...