Arbitrum: Security Council freezes funds linked to Binance exploit - 30 Oct 2026
Arbitrum's Security Council moved 74,559,805 ARB and 8,425 ETH linked to the Binance exploit into an intermediary frozen wallet on Arbitrum One. The council used an emergency freeze to secure the funds.The frozen ARB balance is now out of the hacker's reach. Access to the funds requires action by the Security Council or Arbitrum DAO governance, which also controls what happens to the assets next.The Arbitrum Security Council has taken emergency action to rescue the 74,559,805 ARB and 8,425 ETH being held in the address on Arbitrum One that is identified as connected to the Binance exploit. The Security Council acted by weighing its commitment to the security and…