Crypto exchange giant Binance and prediction markets platform Polymarket want the Polygon (POL) network to move about 70 million tokens out of the hands of the hackers who stole them late last month.

The two firms have filed a Polygon Improvement Proposal for a one-time hard fork that would set the POL balances in five attacker-controlled addresses to zero and credit the same amounts to recovery wallets the companies control, the proposal says.

The five addresses hold about 70.49 million POL, worth roughly $6.5 million at the October 29th price used in the proposal.

About 23.86 million POL sits in four addresses tied to the Polymarket hack on October 29th, while about 46.63 million POL sits in one address tied to the Binance hack that hit late the same day.

Polygon’s block producers have already added the addresses to a block list, so the funds cannot move.

But the companies say that is only a stopgap.

“The funds cannot move, but nothing in the current setup lets them be returned either.”

The proposal says the attacker has kept trying to get the funds out, including by offering validators cash to help unblock a transaction.

The fork would leave Polygon’s total supply unchanged.

It would only go live after approval through Polygon’s governance process, a test run on the Amoy testnet and proof that Binance and Polymarket control the recovery wallets.

The firms call it an extreme action that should not be reproduced commonly.

The plan is set to be presented at the Polygon Protocol Governance Call on November 5th at 14:30 UTC, with rollout expected to take about two weeks after approval.

Binance says it has already replaced most of the roughly $6.3 billion stolen from its hot wallets in the October 29th attack.

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The post Binance and Polymarket Propose Polygon Hard Fork To Recover About $6,500,000 in Hacked Crypto appeared first on The Daily Hodl.

Key takeaways Europese financiële autoriteiten onderzoeken Binance, ’s werelds grootste cryptobeurs, met betrekking tot haar lopende activiteiten binnen de Europese Unie. Ondanks het feit dat het bedrijf er niet in is geslaagd de vereiste vergunning te verkrijgen onder het nieuwe regelgevingskader van de EU en instructies heeft ontvangen om de activiteiten te staken, zou het […]

• EU regulators are examining Binance’s use of MiCA’s reverse solicitation exemption to determine whether its current approach complies with the framework.
• The review follows Binance’s failure to secure a MiCA license, raising questions over its continued EU operations after the July 1 transition deadline.

Binance is facing regulatory scrutiny across Europe over its use of MiCA’s reverse solicitation exemption, a legal provision that allows non-EU companies to serve European clients, but only when those clients independently seek out the relationship without any solicitation or marketing from the firm.

The European Securities and Markets Authority, alongside national regulators in France, Germany, and Greece, is now examining whether Binance’s current service model genuinely meets those conditions. 

Significantly, the review follows Binance’s failure to secure a MiCA license this summer. A setback that should have required the exchange to wind down its EU operations from July 1. It limits the activity to help existing customers transfer or sell their holdings.

What Reverse Solicitation Actually Means, and Why It Matters

Reverse solicitation became prominent in Europe after Brexit, when UK-based firms tried to use it to continue serving EU clients without separate licensing. The provision is narrow by design. ESMA said the exemption should be regarded as the exception and not be used to circumvent MiCA requirements. Moreover, crypto firms cannot simply claim it; clear requirements and guidelines must be met.

Binance’s position is that it operates under reverse solicitation in EU countries where it holds no local licence, with customers onboarding of their own volition. Its Abu Dhabi-regulated entity, active since December 2025, serves traders outside countries where local licences previously existed. 

Local licences in France, Spain, and Poland have since lapsed under the MiCA regime. In addition, Binance said it complies with applicable regulatory requirements and is actively working toward MiCA authorisation. That process is still ongoing.

What Enforcement Could Look Like?

If regulators conclude that Binance’s use of the exemption doesn’t hold up, enforcement action, including fines, could result. Binance is not the only firm under review; smaller platforms are also being examined.

This is not Binance’s first significant regulatory confrontation. The exchange paid a record $4.3 billion fine in the US in 2023. Also pleaded guilty to criminal charges related to money laundering and breaching international financial sanctions.

For the broader crypto market, this probe adds another layer of regulatory uncertainty in one of the world’s largest trading regions. If enforcement action follows and Binance faces restrictions on EU operations, liquidity and trading volume across European markets could take a meaningful hit. Particularly for retail traders who rely on Binance as their primary platform. 

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Binance Pay is launching crypto and digital asset payments at millions of PayPay-supported locations across Japan. According to a press release from Binance, Binance Pay will allow eligible overseas users visiting Japan to spend more than 100 cryptocurrencies at the vast majority of PayPay-supported merchants starting today.

JUST IN: Binance Pay launches $USDT payments at millions of PayPay-supported locations across Japan.

— Watcher.Guru (@WatcherGuru) September 30, 2026

PayPay is a Japanese cashless payment service accepted at millions of locations nationwide around Japan. The service is accepted at several major chains, smaller retailers, vending machines, taxis, and public transportation in the country. PayPay lists nine other overseas payment services supported through HIVEX, mainly from China, Hong Kong and Taiwan. Now, it lists Binance as a supported platform, and issued the following press release about adding Binance: “Users of Binance Pay can now use the feature for dining, shopping, accommodations, entertainment and other expenses at PayPay merchants throughout Japan. PayPay merchants will receive their sales proceeds in Japanese yen.”

The service will run through HIVEX, a payment interoperability framework that connects overseas QR payment services to PayPay-supported merchants in Japan, per Binance, making it the first crypto payment service to access PayPay-supported merchants through HIVEX. Binance Pay uses the Tether USDt stablecoin (USDT) as its backend settlement layer, while HIVEX settles with PayPay and PayPay settles merchants in yen.

Also Read: XRP Price Prediction: Here’s When It Could Hit $3 Again

The move shows a strong leap forward for crypto in Japan, as well as for Binance as a global platform. The latter’s native crypto coin, BNB Coin, rose just over 1.7% following the announcement. Here is how to use the Binance Pay Service in Japan via PayPay:

1. Open the Binance App and tap the [Pay] icon.
2. Tap the [PayPay] icon.
3. There are two options to pay to PayPay merchants:
   • Option 1: Present Your PayPay payment code
     • Show your PayPay payment code in the Binance App.
     • Let the merchant scan the code on your phone to complete the payment.
   • Option 2: Scan the Merchant’s PayPay QR Code
     • Scan the merchant’s PayPay QR code via Binance Pay.
     • Enter the payment amount.
     • Complete the payment and show the result to the merchant.