Arbitrum moved stolen Binance funds. Returning them takes a vote

Arbitrum’s Security Council used a temporary contract upgrade to move cryptocurrency linked to the Binance hack. Its emergency action stopped the attacker from moving those assets, but deciding their destination belongs to a separate governance process. Summary Arbitrum’s Security Council immobilised 8,425 ETH and 74,559,805.2 ARB linked to the Binance exploit. The action took place at 08:08 HKT on October 30, according to Arbitrum’s notice. Emergency council actions require approval from 9 of 12 members. The council temporarily upgraded 1 Ethereum contract and then restored its original implementation. Arbitrum used a comparable intervention to freeze 30,765.67 ETH after the April KelpDAO exploit. Arbitrum’s Security Council has moved 8,425 ETH and 74,559,805.2 ARB linked to the Binance hack into a holding address whose funds require a DAO governance vote to move again. Arbitrum’s emergency-action notice says the intervention took place at 08:08 HKT on October 30. Contributors prepared a temporary change to the network’s Ethereum inbox contract, council members verified and signed it, and the original implementation was restored after the transfers. The action has drawn attention ...