Arbitrum Security Council seizes 74.5 million ARB, 8,426 ETH after Binance wallet exploit

Arbitrum’s Security Council reclaimed more than 74.5 million ARB tokens and approximately 8,426 ETH from a compromised address on October 30. The assets were taken following a security incident linked to an exploit at Binance, according to a technical walkthrough shared by Zealynx on the Ethereum Magicians forum. The Security Council initiated the asset transfer at 8:08 a.m. Hong Kong time, moving the funds to secure addresses. The council described the compromised wallet as being associated with the Binance exploit that led to significant losses for the exchange, which estimates the total at about $6.3 billion in drained hot wallets.