Arbitrum Security Council rescues funds tied to Binance exploit
The Arbitrum Security Council took emergency action to rescue 74,559,805 ARB and 8,425 ETH held in an Arbitrum One address connected to the Binance exploit. After significant technical diligence, the Council executed a technical approach that moved the funds to an intermediary frozen wallet as of October 30, 2026, where they are no longer accessible to the original holder.
- The assets can only be moved by further Security Council action or a vote of Arbitrum DAO governance, coordinated with relevant parties
- The Council said it weighed the security and integrity of the Arbitrum community and governance without impacting any Arbitrum users or applications or other chain state
- Follow-up posts from the official Arbitrum account linked to the rescued funds; the rescue is part of the wider industry response to the multibillion-dollar Binance hack
Sources
- Link to the rescued funds: https://t.co/4FJTDrluAQ Replying to their earlier post: 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. Th…x.com ↗
- Link to the rescued funds: https://t.co/4FJTDrluAQ Replying to their earlier post: 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. Th…x.com ↗
- 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 andx.com ↗
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