Oh its 100% possible, I have no idea.

I had to look it up (dont know much about it), but in the Wikipedia entry it notes:

Time named the Hungarian Freedom Fighter its Man of the Year

And

In 2006, Hungarian Prime Minister Ferenc Gyurcsány referred to this famous Time cover as “the faces of free Hungary” in a speech marking the 50th anniversary of the uprising.

Which makes me think they were later vindicated. But maybe I’m missing something.