Arbitrum Secures $30M in Binance Hack Funds, Vote Pending

Arbitrum’s Security Council secured approximately $30 million in assets linked to the October 29 Binance exploit, using emergency upgrade powers to move funds out of an attacker-linked address without obtaining its private key. The October 30 intervention moved 8,425 ETH and 74.56 million ARB into a holding address controlled through ArbitrumDAO governance. The assets remain frozen rather than returned to Binance, with a DAO vote required before they can be released. Arbitrum said no other users’ funds or applications were affected. Emergency Upgrade Overrides Signature Requirements The 12-member council needs approval from at least nine members to execute emergency actions.